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

We need to lower delta:

BTC 1 MSFT 27Nov20 230 call (MSFT201127C230)
STC 1 MSFT 19Feb21 235 call (MSFT210219C235) for a credit of $4.40 (selling a diagonal) (100%)

BTC 1 MSFT 27Nov20 230 call (MSFT201127C230)
STC 1 MSFT 19Feb21 225 call (MSFT210219C225) for a credit of $7.10 (selling a diagonal) (100%)

BTC 3 MSFT 27Nov20 225 puts (MSFT201127P225)
STO 3 MSFT 27Nov20 212.5 puts (MSFT201127P212.5) for a debit of $9.10 (buying a vertical) (100%)

BTC 4 MSFT 27Nov20 222.5 puts (MSFT201127P222.5)
STO 4 MSFT 27Nov20 210 puts (MSFT201127P210) for a debit of $8.35 (buying a vertical) (100%)

BTC 2 MSFT 27Nov20 220 puts (MSFT201127P220)
STO 2 MSFT 27Nov20 207.5 puts (MSFT201127P207.5) for a debit of $7.45 (buying a vertical) (100%)

BTO 5 MSFT 19Feb21 210 puts (MSFT210219P210)
STC 5 MSFT 19Feb21 225 puts (MSFT210219P225) for a credit of $8.60 (selling a vertical) (100%)

BTO 2 MSFT 19Feb21 205 puts (MSFT210219P205)
STC 2 MSFT 19Feb21 220 puts (MSFT210219P220) for a credit of $7.75 (buying a vertical) (33%)


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

Happy trading.

Terry