November 5, 2020 Terry’s Tips Trade Alert #3 - Wiley Wolf Portfolio

We continue to raise delta:

BTC 2 MSFT 27Nov20 215 calls (MSFT201127C215)
STO 2 MSFT 27Nov20 230 calls (MSFT201127C230) for a debit of $8.25 (buying a vertical) (100%)

BTO 1 MSFT 19Feb21 235 call (MSFT210219C235)
STC 1 MSFT 19Feb21 210 call (MSFT210219C210) for a credit of $12.90 (selling a vertical) (80%)

BTC 3 MSFT 27Nov20 212.5 puts (MSFT201127P212.5)
STO 3 MSFT 27Nov20 225 puts (MSFT201127P225) for a credit of $4.40 (selling a vertical) (100%)

BTO 2 MSFT 19Feb21 225 puts (MSFT210219P225)
STC 2 MSFT 19Feb21 210 puts (MSFT210219P210) for a debit of $6.50 (buying a vertical) (66%)

BTO 1 MSFT 19Feb21 215 put (MSFT210219P215)
STC 1 MSFT 19Feb21 210 put (MSFT210219P210) for a debit of $1.90 (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