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

We need to reduce delta:

BTC 1 MSFT 27Nov20 212.5 call (MSFT201127C212.5)
STC 1 MSFT 19Feb21 215 call (MSFT210219C215) for a credit of $8.10 (selling a diagonal) (20%)

BTC 7 MSFT 27Nov20 220 call (MSFT201127C220)
STO 7 MSFT 27Nov20 210 call (MSFT201127C210)
BTO 7 MSFT 19Feb21 210 call (MSFT210219C210)
STC 7 MSFT 19Feb21 220 call (MSFT210219C220) for a debit of $1.60 (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