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

We remain negative net delta:

BTC 1 MSFT 21Aug20 207.5 call (MSFT200821C207.5)
STO 1 MSFT 21Aug20 220 call (MSFT200821C220) for a debit of $6.70 (buying a vertical)

BTC 2 MSFT 21Aug20 210 calls (MSFT200821C210)
STO 2 MSFT 21Aug20 220 calls (MSFT200821C220)
BTO 2 MSFT 20Nov20 220 calls (MSFT201120C220)
STC 2 MSFT 20Nov20 210 calls (MSFT201120C210) for a credit of $0.10 (selling a vertical roll)

BTC 4 MSFT 21Aug20 200 puts (MSFT200821P200)
STC 4 MSFT 20Nov20 200 puts (MSFT201120P200) for a credit of $8.50 (selling a calendar)

BTC 4 MSFT 21Aug20 202.5 puts (MSFT200821P202.5)
STO 4 MSFT 21Aug20 215 puts (MSFT200821P215) for a credit of $4.40 (selling a vertical)

BTO 2 MSFT 20Nov20 220 puts (MSFT201120P220)
STC 2 MSFT 20Nov20 200 puts (MSFT201120P200) for a debit of $9.20 (buying a vertical)

BTO 1 MSFT 20Nov20 210 put (MSFT201120P210)
STC 1 MSFT 20Nov20 200 put (MSFT201120P200) for a debit of $4.10 (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