November 18, 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 210 calls (MSFT201127C210)
BTO 2 MSFT 19Feb21 210 calls (MSFT210219C210)
STC 2 MSFT 19Feb21 225 calls (MSFT210219C225) for a debit of $2.20 (selling a vertical roll) (100%)

BTC 3 MSFT 27Nov20 222.5 calls (MSFT201127C222.5)
STO 3 MSFT 27Nov20 212.5 calls (MSFT201127C212.5)
BTO 3 MSFT 19Feb21 215 calls (MSFT210219C215)
STC 3 MSFT 19Feb21 225 calls (MSFT210219C225) for a debit of $1.30 (selling 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