December 8, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:

BTC 2 MSFT 18Dec20 205 puts (MSFT201218P205)
STO 2 MSFT 18Dec20 217.5 puts (MSFT201218P217.5) for a credit of $3.45 (selling a vertical) (100%)

BTO 1 MSFT 19Mar21 215 put (MSFT210319P215)
STC 1 MSFT 19Feb21 205 put (MSFT210219P205) for a debit of $5.90 (buying a diagonal) (50%)

BTO 1 MSFT 19Mar21 220 put (MSFT210319P220)
STC 1 MSFT 19Feb21 205 put (MSFT210219P205) for a debit of $8.50 (buying a diagonal) (100%)

BTC 2 MSFT 18Dec20 212.5 calls (MSFT201218C212.5)
STO 2 MSFT 18Dec20 222.5 calls (MSFT201218C222.5) for a debit of $4.55 (buying a vertical) (28%)

BTO 2 MSFT 19Mar21 220 calls (MSFT210319C220)
STC 2 MSFT 19Feb21 210 calls (MSFT210219C210) for a credit of $3.50 (buying a diagonal) (22%)


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

Happy trading.

Terry