October 13, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:

BTC 2 MSFT 16Oct20 215 puts (MSFT201016P215)
STO 2 MSFT 16Oct20 222.5 puts (MSFT201016P222.5) for a credit of $1.05 (selling a vertical) (100%)

BTC 2 MSFT 16Oct20 217.5 puts (MSFT201016P217.5)
STO 2 MSFT 16Oct20 225 puts (MSFT201016P225) for a credit of $1.90 (selling a vertical) (50%)

BTO 3 MSFT 15Jan21 225 puts (MSFT210115P225)  
STC 3 MSFT 15Jan21 215 puts (MSFT210115P215) for a debit of $4.55 (buying a vertical) (75%)


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

Happy trading.

Terry