August 26, 2020 Terry’s Tips Trade Alert  - Wiley Wolf Portfolio

We have become negative net delta:

BTC 2 MSFT 18Sep20 200 puts (MSFT200918P200)
STC 2 MSFT 18Dec20 190 puts (MSFT201218P190) for a credit of $5.60 (selling a diagonal)

BTO 1 MSFT 18Dec20 220 put (MSFT201218P220)
STO 1 MSFT 18Sep20 220 put (MSFT200918P220) for a debit of $11.50 (buying a calendar)

BTC 4 MSFT 18Sep20 212.5 calls (MSFT200918C212.5)
STO 4 MSFT 18Sep20 222.5 calls (MSFT200918C222.5) for a debit of $5.80 (buying a vertical)

BTC 3 MSFT 18Sep20 215 calls (MSFT200918C215)
STO 3 MSFT 18Sep20 225 calls (MSFT200918C225) for a debit of $5.20 (buying a vertical)

BTC 2 MSFT 18Sep20 215 calls (MSFT200918C215)
STO 2 MSFT 18Sep20 227.5 calls (MSFT200918C227.5) for a debit of $6.05 (buying a vertical)

BTO 1 MSFT 18Dec20 225 call (MSFT201218C225)
STC 1 MSFT 18Dec20 200 call (MSFT201218C200) for a credit of $14.00 (selling a vertical)

BTO 4 MSFT 18Dec20 225 calls (MSFT201218C225)
STC 4 MSFT 18Dec20 210 calls (MSFT201218C210) for a credit of $7.80 (selling a vertical)

BTO 1 MSFT 18Dec20 230 call (MSFT201218C230)
STC 1 MSFT 18Dec20 215 call (MSFT201218C215) for a credit of $7.00 (selling a vertical)

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

Happy trading.

Terry