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

We will use our excess cash to buy more spreads and raise delta:

BTO 2 MSFT 19Feb21 220 puts (MSFT210219P220) 
STO 2 MSFT 31Dec20 220 puts (MSFT201231P220) for a debit of $7.70 (buying a calendar)

BTO 2 MSFT 19Feb21 215 puts (MSFT210219P215) 
STO 2 MSFT 31Dec20 220 puts (MSFT201231P220) for a debit of $5.30 (buying a diagonal)

BTO 5 MSFT 19Feb21 235 calls (MSFT210219C235) 
STO 5 MSFT 31Dec20 225 calls (MSFT201231C225) for a debit of $3.65 (buying a diagonal)

BTC 3 MSFT 31Dec20 215 calls (MSFT201231C215) 
STO 3 MSFT 31Dec20 225 calls (MSFT201231C225) for a debit of $5.00 (buying a vertical) (60%)


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

Happy trading.

Terry