October 15, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We remain uncomfortably long:

BTC 5 MSFT 16Oct20 225 calls (MSFT201016C225)
STO 5 MSFT 23Oct20 217.5 calls (MSFT201023C217.5) for a credit of $3.90 (selling a diagonal) (100%)

BTO 4 MSFT 15Jan21 215 calls (MSFT210115C215) 
STC 4 MSFT 15Jan21 225 calls (MSFT210115C225) for a debit of $4.80 (buying a vertical) (44%)


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

Happy trading.

Terry