November 3, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:

BTC 4 MSFT 27Nov20 197.5 calls (MSFT201127C197.5)
STO 4 MSFT 27Nov20 212.5 calls (MSFT201127C212.5) for a debit of $8.90 (buying a vertical) (100%)

BTC 2 MSFT 27Nov20 200 calls (MSFT201127C200)
STO 2 MSFT 27Nov20 215 calls (MSFT201127C215) for a debit of $8.00 (buying a vertical) (100%)

BTC 2 MSFT 27Nov20 202.5 calls (MSFT201127C202.5)
STO 2 MSFT 27Nov20 217.5 calls (MSFT201127C217.5) for a debit of $7.20 (buying a vertical) (50%)

BTO 2 MSFT 19Feb21 215 calls (MSFT210219C215)
STC 2 MSFT 19Feb21 195 calls (MSFT210219C195) for a credit of $10.65 (selling a vertical) (100%)

BTO 4 MSFT 19Feb21 220 calls (MSFT210219C220)
STC 4 MSFT 19Feb21 200 calls (MSFT210219C200) for a credit of $9.60 (selling a vertical) (66%)


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

Happy trading.

Terry