November 17, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We need to reduce delta:

BTC 2 MSFT 27Nov20 225 calls (MSFT201127C225)
STO 2 MSFT 27Nov20 212.5 calls (MSFT201127C212.5) for a credit of $3.80 (selling a vertical) (50%)

BTO 2 MSFT 19Feb21 210 calls (MSFT210219C210)
STC 2 MSFT 19Feb21 220 calls (MSFT210219C220) for a debit of $5.00 (buying a vertical) (18%)

BTC 3 MSFT 27Nov20 217.5 puts (MSFT201127P217.5)
STO 3 MSFT 27Nov20 205 puts (MSFT201127P205) for a debit of $4.60 (buying a vertical) (100%)

BTO 2 MSFT 19Feb21 205 puts (MSFT210219P205)
STC 2 MSFT 19Feb21 220 puts (MSFT210219P220) for a credit of $7.15 (selling a vertical) (100%)


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

Happy trading.

Terry