December 16, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We will start rolling out our shorts to raise delta:

BTC 2 MSFT 18Dec20 205 puts (MSFT201218P205)
STO 2 MSFT 15Jan21 220 puts (MSFT210115P220) for a credit of $7.90 (selling a diagonal) (100%)

BTO 2 MSFT 19Feb21 220 puts (MSFT210219P220)
STC 2 MSFT 19Feb21 205 puts (MSFT210219P205) for a debit of $6.45 (buying a vertical) (100%)

BTC 6 MSFT 18Dec20 210 calls (MSFT201218C210)
STO 6 MSFT 15Jan21 220 calls (MSFT210115C220) for a debit of $2.05 (selling a diagonal) (100%)


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

Happy trading.

Terry