August 3, 2020 Terry’s Tips Trade Alert  #2– Wiley Wolf Portfolio

We remain negative net delta:

BTC 3 MSFT 21Aug20 192.5 puts (MSFT200821P192.5)
STO 3 MSFT 21Aug20 210 puts (MSFT200821P210) for a credit of $4.20 (selling a vertical)

BTC 2 MSFT 21Aug20 195 puts (MSFT200821P195)
STO 2 MSFT 21Aug20 212.5 puts (MSFT200821P212.5) for a credit of $5.25 (selling a vertical)

BTC 3 MSFT 21Aug20 197.5 puts (MSFT200821P197.5)
STO 3 MSFT 21Aug20 212.5 puts (MSFT200821P212.5) for a credit of $4.90 (selling a vertical)

BTO 4 MSFT 20Nov20 220 puts (MSFT201120P220)
STC 4 MSFT 20Nov20 200 puts (MSFT201120P200) for a debit of $9.70 (buying a vertical)

BTO 1 MSFT 20Nov20 220 put (MSFT201120P220)
STC 1 MSFT 20Nov20 210 put (MSFT201120P210) for a debit of $5.40 (buying a vertical)

BTC 2 MSFT 21Aug20 207.5 calls (MSFT200821C207.5)
STO 2 MSFT 21Aug20 212.5 calls (MSFT200821C212.5) for a debit of $2.80 (buying a vertical)

BTO 1 MSFT 20Nov20 220 call (MSFT201120C220)
STC 1 MSFT 20Nov20 210 call (MSFT201120C210) for a credit of $4.50 (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