August 27, 2020 Terry’s Tips Trade Alert  - Wiley Wolf Portfolio

With MSFT up more than 3%, we have become negative net delta:

BTC 5 MSFT 18Sep20 220 calls (MSFT200918C220)
STC 5 MSFT 18Sep20 232.5 calls (MSFT200918C232.5) for a debit of $6.75 (buying a vertical)

BTC 4 MSFT 18Sep20 222.5 calls (MSFT200918C222.5)
STC 4 MSFT 18Sep20 235 calls (MSFT200918C235) for a debit of $6.10 (buying a vertical)

BTC 5 MSFT 18Sep20 225 calls (MSFT200918C225)
STC 5 MSFT 18Sep20 237.5 calls (MSFT200918C237.5) for a debit of $5.60 (buying a vertical)

BTO 3 MSFT 18Dec20 235 calls (MSFT201218C235)
STC 3 MSFT 18Dec20 215 calls (MSFT201218C215) for a credit of $10.30 (selling a vertical)

BTO 5 MSFT 18Dec20 240 calls (MSFT201218C240)
STC 5 MSFT 18Dec20 220 calls (MSFT201218C220) for a credit of $9.30 (selling a vertical)

BTO 1 MSFT 18Dec20 245 call (MSFT201218C245)
STC 1 MSFT 18Dec20 225 call (MSFT201218C225) for a credit of $8.70 (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