December 28, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta. These trades will start liquidating some spreads and increase delta:

BTC 2 MSFT 31Dec20 217.5 puts (MSFT201231P217.5) 
STC 2 MSFT 19Feb21 215 puts (MSFT210219P215) for a credit of $5.50 (selling a diagonal) (100%)

BTC 3 MSFT 31Dec20 217.5 puts (MSFT201231P217.5) 
STC 3 MSFT 19Feb21 220 puts (MSFT210219P220) for a credit of $7.30 (selling a diagonal) (100%)

BTC 3 MSFT 31Dec20 220 calls (MSFT201231C220) 
STO 3 MSFT 31Dec20 227.5 calls (MSFT201231C227.5) for a debit of $5.10 (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