October 12, 2020 Terry’s Tips Trade Alert #3 - Wiley Wolf Portfolio

We remain negative net delta:

BTC 4 MSFT 16Oct20 217.5 calls (MSFT201016C217.5)
STO 4 MSFT 16Oct20 227.5 calls (MSFT201016C227.5)
BTO 4 MSFT 15Jan21 225 calls (MSFT210115C225)  
STC 4 MSFT 15Jan21 215 calls (MSFT210115C215) for a credit of $0.25 (selling a vertical roll) (100%)

BTC 1 MSFT 16Oct20 212.5 put (MSFT201016P212.5)
STC 1 MSFT 15Jan21 210 put (MSFT210115P210) for a credit of $9.40 (selling a diagonal) (50%)

BTC 1 MSFT 16Oct20 212.5 put (MSFT201016P212.5)
STO 1 MSFT 16Oct20 220 put (MSFT201016P220) for a credit of $1.15 (selling a vertical) (100%)

BTC 2 MSFT 16Oct20 215 puts (MSFT201016P215)
STO 2 MSFT 16Oct20 225 puts (MSFT201016P225) for a credit of $3.50 (selling a vertical) (40%)

BTO 2 MSFT 15Jan21 225 puts (MSFT210115P225) 
STC 2 MSFT 15Jan21 210 puts (MSFT210115P210) for a debit of $6.90 (buying a vertical) (100%)

BTC 1 MSFT 16Oct20 215 put (MSFT201016P215)
STO 1 MSFT 16Oct20 220 put (MSFT201016P220) for a credit of $1.00 (selling a vertical) (33%)

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

Happy trading.

Terry