August 10, 2020 Terry’s Tips Trade Alert  - Wiley Wolf Portfolio

We have become uncomfortably long:

BTC 4 MSFT 21Aug20 215 puts (MSFT200821P215)
STO 4 MSFT 21Aug20 202.5 puts (MSFT200821P202.5) for a debit of $7.10 (buying a vertical)

BTO 5 MSFT 20Nov20 205 puts (MSFT201120P205)
STC 5 MSFT 20Nov20 220 puts (MSFT201120P220) for a credit of $8.30 (selling a vertical)

BTC 5 MSFT 21Aug20 212.5 puts (MSFT200821P212.5)
STO 5 MSFT 21Aug20 207.5 puts (MSFT200821P207.5) for a debit of $3.10 (buying a vertical)

 
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry