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

We have become negative net delta:

BTC 4 MSFT 16Oct20 212.5 calls (MSFT201016C212.5)
STO 4 MSFT 16Oct20 222.5 calls (MSFT201016C222.5) for a debit of $5.50 (buying a vertical) (100%)

BTO 1 MSFT 15Jan21 225 call (MSFT210115C225)  
STC 1 MSFT 15Jan21 205 call (MSFT210115C205) for a credit of $10.50 (selling a vertical) (100%)

BTO 1 MSFT 15Jan21 225 call (MSFT210115C225)  
STC 1 MSFT 15Jan21 210 call (MSFT210115C210) for a credit of $7.50 (selling a vertical) (20%)

BTC 2 MSFT 16Oct20 207.5 puts (MSFT201016P207.5)
STO 2 MSFT 16Oct20 217.5 puts (MSFT201016P217.5) for a credit of $1.90 (selling a vertical) (100%)

BTC 2 MSFT 16Oct20 210 puts (MSFT201016P210)
STO 2 MSFT 16Oct20 217.5 puts (MSFT201016P217.5) for a credit of $1.75 (selling a vertical) (50%)

BTO 1 MSFT 15Jan21 220 put (MSFT210115P220) 
STC 1 MSFT 15Jan21 200 put (MSFT210115P200) for a debit of $8.40 (buying a vertical) (33%)

BTO 1 MSFT 15Jan21 215 put (MSFT210115P215) 
STC 1 MSFT 15Jan21 200 put (MSFT210115P200) for a debit of $5.90 (buying 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