November 24, 2020 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

We continue rolling out and raising delta:

BTC 2 MSFT 27Nov20 205 puts (MSFT201127P205)
STO 2 MSFT 18Dec20 215 puts (MSFT201218P215) for a credit of $6.50 (selling a diagonal) (100%)

BTO 1 MSFT 19Feb21 215 put (MSFT210219P215)
STC 1 MSFT 19Feb21 205 put (MSFT210219P205) for a debit of $4.70 (buying a vertical) (25%)

BTC 2 MSFT 27Nov20 207.5 puts (MSFT201127P207.5)
STO 2 MSFT 18Dec20 210 puts (MSFT201218P210) for a credit of $3.95 (selling a diagonal) (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%)

BTC 2 MSFT 27Nov20 210 calls (MSFT201127C210)
STO 2 MSFT 18Dec20 220 calls (MSFT201218C220) for a debit of $0.80 (selling a diagonal) (22%)


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

Happy trading.

Terry