November 5, 2020 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

We continue to raise delta:

BTC 2 MSFT 27Nov20 207.5 puts (MSFT201127P207.5)
STC 2 MSFT 19Feb21 205 puts (MSFT210219P205) for a credit of $5.75 (selling a diagonal) (50%)

BTC 2 MSFT 27Nov20 207.5 puts (MSFT201127P207.5)
STO 2 MSFT 27Nov20 220 puts (MSFT201127P220) for a credit of $3.60 (selling a vertical) (100%)

BTC 4 MSFT 27Nov20 210 puts (MSFT201127P210)
STO 4 MSFT 27Nov20 222.5 puts (MSFT201127P222.5) for a credit of $4.20 (selling a vertical) (100%)

BTO 4 MSFT 19Feb21 220 puts (MSFT210219P220)
STC 4 MSFT 19Feb21 205 puts (MSFT210219P205) for a debit of $6.00 (buying a vertical) (80%)

BTO 1 MSFT 19Feb21 215 put (MSFT210219P215)
STC 1 MSFT 19Feb21 205 put (MSFT210219P205) for a debit of $3.75 (buying a vertical) (100%)


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

Happy trading.

Terry