November 10, 2020 Terry’s Tips Trade Alert #3 - Wiley Wolf Portfolio

We continue to lower delta:

BTC 4 MSFT 27Nov20 215 puts (MSFT201127P215)
STO 4 MSFT 27Nov20 202.5 puts (MSFT201127P202.5) for a debit of $5.80 (buying a vertical) (100%)

BTO 4 MSFT 19Feb21 200 puts (MSFT210219P200)
STC 4 MSFT 19Feb21 215 puts (MSFT210219P215) for a credit of $7.00 (selling a vertical) (66%)

BTC 4 MSFT 27Nov20 222.5 calls (MSFT201127C222.5)
STO 4 MSFT 27Nov20 210 calls (MSFT201127C210) for a credit of $4.00 (selling a vertical) (80%)

BTC 1 MSFT 27Nov20 222.5 call (MSFT201127C222.5)
STO 1 MSFT 27Nov20 212.5 call (MSFT201127C212.5) for a credit of $2.80 (selling a vertical) (100%)

BTO 3 MSFT 19Feb21 205 calls (MSFT210219C205)
STC 3 MSFT 19Feb21 225 calls (MSFT210219C225) for a debit of $8.90 (buying a vertical) (75%)


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

Happy trading.

Terry