November 12, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:

BTC 4 MSFT 27Nov20 212.5 calls (MSFT201127C212.5)
STO 4 MSFT 27Nov20 225 calls (MSFT201127C225) for a debit of $6.30 (buying a vertical) (100%)

BTO 2 MSFT 19Feb21 225 calls (MSFT210219C225)
STC 2 MSFT 19Feb21 210 calls (MSFT210219C210) for a credit of $7.60 (selling a vertical) (100%)

BTO 2 MSFT 19Feb21 225 calls (MSFT210219C225)
STC 2 MSFT 19Feb21 215 calls (MSFT210219C215) for a credit of $4.75 (selling a vertical) (28%)

BTC 1 MSFT 27Nov20 205 put (MSFT201127P205)
STC 1 MSFT 19Feb21 205 put (MSFT210219P205) for a credit of $7.00 (selling a calendar) (50%)

BTC 2 MSFT 27Nov20 205 puts (MSFT201127P205)
STO 2 MSFT 27Nov20 217.5 puts (MSFT201127P217.5) for a credit of $3.25 (selling a vertical) (100%)

BTO 1 MSFT 19Feb21 215 put (MSFT210219P215)
STC 1 MSFT 19Feb21 200 put (MSFT210219P210) for a debit of $5.60 (buying a vertical) (100%)

BTO 1 MSFT 19Feb21 220 put (MSFT210219P220)
STC 1 MSFT 19Feb21 210 put (MSFT210219P210) for a debit of $4.65 (buying a vertical) (12%)


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

Happy trading.

Terry