December 22, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We remain negative net delta:

BTC 1 MSFT 31Dec20 212.5 put (MSFT201231P212.5) 
STC 1 MSFT 19Feb21 210 put (MSFT210219P210) for a credit of $4.90 (selling a diagonal) (50%)

BTC 2 MSFT 31Dec20 212.5 puts (MSFT201231P212.5) 
STO 2 MSFT 31Dec20 225 puts (MSFT201231P225) for a credit of $2.95 (selling a vertical) (100%)

BTO 1 MSFT 19Feb21 225 put (MSFT210219P225) 
STC 1 MSFT 19Feb21 210 put (MSFT210219P210) for a debit of $5.90 (buying a vertical) (100%)

BTO 1 MSFT 19Feb21 225 put (MSFT210219P225) 
STC 1 MSFT 19Feb21 215 put (MSFT210219P215) for a debit of $4.35 (buying a vertical) (33%)

BTC 2 MSFT 31Dec20 217.5 calls (MSFT201231C217.5) 
STO 2 MSFT 31Dec20 230 calls (MSFT201231C230) for a debit of $6.80 (buying a vertical) (50%)

BTC 2 MSFT 31Dec20 217.5 calls (MSFT201231C217.5) 
STO 2 MSFT 31Dec20 227.5 calls (MSFT201231C227.5) for a debit of $6.05 (buying a vertical) (100%)

BTO 1 MSFT 19Feb21 235 call (MSFT210219C235) 
STC 1 MSFT 19Feb21 210 call (MSFT210219C210) for a credit of $13.30 (selling a vertical) (100%)

BTO 1 MSFT 19Feb21 235 call (MSFT210219C235) 
STC 1 MSFT 19Feb21 215 call (MSFT210219C215) for a credit of $9.80 (selling a vertical) (16%)


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

Happy trading.

Terry