November 19, 2020 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

We have become negative net delta:

BTC 3 MSFT 27Nov20 205 puts (MSFT201127P205)
STO 3 MSFT 27Nov20 215 puts (MSFT201127P215) for a credit of $3.40 (selling a vertical) (100%)

BTO 1 MSFT 19Feb21 220 put (MSFT210219P220)
STC 1 MSFT 19Feb21 205 put (MSFT210219P205) for a debit of $7.50 (buying a vertical) (33%)

BTO 1 MSFT 19Feb21 215 put (MSFT210219P215)
STC 1 MSFT 19Feb21 205 put (MSFT210219P205) for a debit of $4.65 (buying a vertical) (50%)


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

Happy trading.

Terry