October 16, 2020 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

We continue rolling out to next week:

BTC 1 MSFT 16Oct20 220 put (MSFT201016P220)
STO 1 MSFT 23Oct20 217.5 put (MSFT201023P217.5) for a credit of $1.60 (selling a diagonal) (16%)

BTC 3 MSFT 16Oct20 220 puts (MSFT201016P220)
STO 3 MSFT 23Oct20 222.5 puts (MSFT201023P222.5) for a credit of $3.90 (selling a diagonal) (60%)

BTC 2 MSFT 16Oct20 220 puts (MSFT201016P220)
STO 2 MSFT 23Oct20 220 puts (MSFT201023P220) for a credit of $2.60 (selling a calendar) (100%)

BTC 4 MSFT 16Oct20 222.5 calls (MSFT201016C222.5)
STO 4 MSFT 23Oct20 225 calls (MSFT201023C225) for a credit of $1.45 (selling a diagonal) (100%)

BTO 1 MSFT 19Feb21 225 put (MSFT210219P225)
STC 1 MSFT 15Jan21 220 put (MSFT210115P220) for a debit of $5.50 (buying a diagonal) (12%)


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

Happy trading.

Terry