November 10, 2020 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

We continue to lower delta:

BTC 4 MSFT 27Nov20 227.5 calls (MSFT201127C227.5)
STO 4 MSFT 27Nov20 215 calls (MSFT201127C215)
BTO 4 MSFT 19Feb21 215 calls (MSFT210219C215)
STC 4 MSFT 19Feb21 225 calls (MSFT210219C225) for a debit of $0.90 (selling a vertical roll) (100%)

BTC 2 MSFT 27Nov20 225 calls (MSFT201127C225)
STC 2 MSFT 19Feb21 225 calls (MSFT210219C225) for a credit of $7.10 (selling a calendar) (40%)

BTC 3 MSFT 27Nov20 225 calls (MSFT201127C225)
STO 3 MSFT 27Nov20 212.5 calls (MSFT201127C212.5) for a credit of $4.10 (selling a vertical) (100%)

BTO 2 MSFT 19Feb21 210 calls (MSFT210219C210)
STC 2 MSFT 19Feb21 225 calls (MSFT210219C225) for a debit of $6.70 (buying a vertical) (33%)

BTC 4 MSFT 27Nov20 217.5 puts (MSFT201127P217.5)
STO 4 MSFT 27Nov20 205 puts (MSFT201127P205)
BTO 4 MSFT 19Feb21 210 puts (MSFT210219P210)
STC 4 MSFT 19Feb21 220 puts (MSFT210219P220) for a debit of $0.40 (buying a vertical roll) (100%)


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

Happy trading.

Terry