August 28, 2020 Terry’s Tips Trade Alert  - Wiley Wolf Portfolio

We need to increase delta by raising put strikes:

BTC 2 MSFT 18Sep20 205 puts (MSFT200918P205)
STC 2 MSFT 18Sep20 225 puts (MSFT200918P225) for a credit of $5.00 (selling a vertical)

BTC 1 MSFT 18Sep20 205 put (MSFT200918P205)
STC 1 MSFT 18Dec20 205 put (MSFT201218P205) for a credit of $9.40 (selling a calendar)

BTC 2 MSFT 18Sep20 207.5 puts (MSFT200918P207.5)
STC 2 MSFT 18Sep20 227.5 puts (MSFT200918P227.5) for a credit of $5.80 (selling a vertical)

BTC 2 MSFT 18Sep20 210 puts (MSFT200918P210)
STC 2 MSFT 18Sep20 222.5 puts (MSFT200918P222.5) for a credit of $3.25 (selling a vertical)

BTC 2 MSFT 18Sep20 210 puts (MSFT200918P210)
STC 2 MSFT 18Sep20 227.5 puts (MSFT200918P227.5) for a credit of $5.40 (selling a vertical)

BTO 6 MSFT 18Dec20 225 puts (MSFT201218P225)
STC 6 MSFT 18Dec20 210 puts (MSFT201218P210) for a debit of $6.50 (buying a vertical)

BTO 2 MSFT 18Dec20 230 puts (MSFT201218P230)
STC 2 MSFT 18Dec20 210 puts (MSFT201218P210) for a debit of $9.10 (buying a vertical)

BTC 1 MSFT 18Sep20 205 put (MSFT200918P205)
STC 1 MSFT 18Dec20 210 put (MSFT201218P210) for a credit of $11.20 (selling a diagonal)

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

Happy trading.

Terry