November 23, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become uncomfortably long:

BTC 1 MSFT 27Nov20 215 put (MSFT201127P215)
STC 1 MSFT 19Feb21 215 put (MSFT210219P215) for a credit of $8.80 (selling a calendar) (16%)

BTC 5 MSFT 27Nov20 215 puts (MSFT201127P215)
STO 5 MSFT 27Nov20 205 puts (MSFT201127P205)
BTO 5 MSFT 19Feb21 205 puts (MSFT210219P205)
STC 5 MSFT 19Feb21 215 puts (MSFT210219P215) for a debit of $0.60 (buying a vertical roll) (100%)

BTC 1 MSFT 27Nov20 217.5 call (MSFT201127C217.5)
STO 1 MSFT 27Nov20 207.5 call (MSFT201127C207.5)
BTO 1 MSFT 19Feb21 210 call (MSFT210219C210)
STC 1 MSFT 19Feb21 220 call (MSFT210219C220) for a debit of $1.50 (selling a vertical roll) (100%)

BTC 1 MSFT 27Nov20 217.5 call (MSFT201127C217.5)
STO 1 MSFT 27Nov20 207.5 call (MSFT201127C207.5)
BTO 1 MSFT 19Feb21 205 call (MSFT210219C205)
STC 1 MSFT 19Feb21 215 call (MSFT210219C215) for a debit of $2.15 (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