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

We have become uncomfortably long:

BTC 4 MSFT 16Oct20 230 calls (MSFT201016C230)
STO 4 MSFT 23Oct20 220 calls (MSFT201023C220) for a credit of $4.50 (selling a diagonal) (100%)

BTO 4 MSFT 15Jan21 220 calls (MSFT210115C220)  
STC 4 MSFT 15Jan21 230 calls (MSFT210115C230) for a debit of $4.60 (buying a vertical) (66%)

BTC 4 MSFT 16Oct20 225 puts (MSFT201016P225)
STO 4 MSFT 16Oct20 215 puts (MSFT201016P215)
BTO 4 MSFT 15Jan21 215 puts (MSFT210115P215)  
STC 4 MSFT 15Jan21 225 puts (MSFT210115P225) for a credit of $0.65 (buying a vertical roll) (100%)


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

Happy trading.

Terry