December 21, 2020 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

We remain negative net delta:

BTC 4 MSFT 31Dec20 210 puts (MSFT201231P210) 
STO 4 MSFT 31Dec20 222.5 puts (MSFT201231P222.5) for a credit of $3.00 (selling a vertical) (100%)

BTO 3 MSFT 19Feb21 220 puts (MSFT210219P220) 
STC 3 MSFT 19Feb21 210 puts (MSFT210219P210) for a debit of $3.95 (buying a vertical) (60%)

BTO 1 MSFT 19Feb21 225 put (MSFT210219P225) 
STC 1 MSFT 19Feb21 215 put (MSFT210219P215) for a debit of $4.65 (buying a vertical) (25%)

BTC 2 MSFT 31Dec20 215 calls (MSFT201231C215) 
STO 2 MSFT 31Dec20 227.5 calls (MSFT201231C227.5) for a debit of $7.25 (buying a vertical) (100%)

BTO 2 MSFT 19Feb21 220 calls (MSFT210219C220) 
STC 2 MSFT 19Feb21 210 calls (MSFT210219C210) for a credit of $6.25 (buying a vertical) (40%)


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

Happy trading.

Terry