October 12, 2020 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

We remain negative net delta:

BTC 5 MSFT 16Oct20 215 calls (MSFT201016C215)
STO 5 MSFT 16Oct20 225 calls (MSFT201016C225) for a debit of $5.20 (buying a vertical) (100%)

BTO 2 MSFT 15Jan21 225 calls (MSFT210115C225)  
STC 2 MSFT 15Jan21 210 calls (MSFT210115C210) for a credit of $7.90 (selling a vertical) (50%)

BTO 2 MSFT 15Jan21 230 calls (MSFT210115C230)  
STC 2 MSFT 15Jan21 210 calls (MSFT210115C210) for a credit of $9.90 (selling a vertical) (100%)

BTC 2 MSFT 16Oct20 210 puts (MSFT201016P210)
STO 2 MSFT 16Oct20 220 puts (MSFT201016P220) for a credit of $1.95 (selling a vertical) (100%)

BTC 2 MSFT 16Oct20 212.5 puts (MSFT201016P212.5)
STO 2 MSFT 16Oct20 220 puts (MSFT201016P220) for a credit of $1.85 (selling a vertical) (50%)

BTO 1 MSFT 15Jan21 220 put (MSFT210115P220) 
STC 1 MSFT 15Jan21 200 put (MSFT210115P200) for a debit of $8.00 (buying a vertical) (100%)

BTO 1 MSFT 15Jan21 220 put (MSFT210115P220) 
STC 1 MSFT 15Jan21 205 put (MSFT210115P205) for a debit of $6.40 (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