October 14, 2020 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

We remain uncomfortably long:

BTC 4 MSFT 16Oct20 227.5 calls (MSFT201016C227.5)
STO 4 MSFT 23Oct20 222.5 calls (MSFT201023C222.5) for a credit of $2.70 (selling a diagonal) (100%)

BTO 2 MSFT 15Jan21 220 calls (MSFT210115C220)  
STC 2 MSFT 15Jan21 230 calls (MSFT210115C230) for a debit of $4.50 (buying a vertical) (100%)

BTC 2 MSFT 16Oct20 222.5 puts (MSFT201016P222.5)
STO 2 MSFT 16Oct20 215 puts (MSFT201016P215) for a debit of $3.10 (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