August 11, 2020 Terry’s Tips Trade Alert  - Wiley Wolf Portfolio

We have become uncomfortably long:

BTC 4 MSFT 21Aug20 210 puts (MSFT200821P210)
STO 4 MSFT 21Aug20 200 puts (MSFT200821P200) for a debit of $5.20 (buying a vertical)

BTO 2 MSFT 20Nov20 200 puts (MSFT201120P200)
STC 2 MSFT 20Nov20 220 puts (MSFT201120P220) for a credit of $11.10 (selling a vertical)

BTC 1 MSFT 21Aug20 222.5 call (MSFT200821C222.5)
STC 1 MSFT 20Nov20 230 call (MSFT201120C230) for a credit of $6.20 (selling a diagonal)

BTC 3 MSFT 21Aug20 220 calls (MSFT200821C220)
STO 3 MSFT 21Aug20 210 calls (MSFT200821C210) for a credit of $1.70 (selling a vertical)

BTC 3 MSFT 21Aug20 217.5 calls (MSFT200821C217.5)
STO 3 MSFT 21Aug20 207.5 calls (MSFT200821C207.5) for a credit of $2.40 (selling a vertical)

BTO 3 MSFT 20Nov20 205 calls (MSFT201120C205)
STC 3 MSFT 20Nov20 220 calls (MSFT201120C220) for a debit of $6.50 (buying a vertical)

BTO 1 MSFT 20Nov20 215 call (MSFT201120C215)
STC 1 MSFT 20Nov20 220 call (MSFT201120C220) for a debit of $2.00 (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