October 16, 2020 Terry’s Tips Trade Alert #3 - Wiley Wolf Portfolio

We will raise delta and use our cash to buy more spreads and roll out some longs:

BTC 2 MSFT 23Oct20 217.5 calls (MSFT201023C217.5)
STO 2 MSFT 23Oct20 227.5 calls (MSFT201023C227.5) for a debit of $4.30 (buying a vertical) (40%)

BTO 2 MSFT 19Feb21 235 calls (MSFT210219C235)
STO 2 MSFT 23Oct20 220 calls (MSFT201023C220) for a debit of $7.80 (buying a diagonal)

BTO 4 MSFT 19Feb21 225 calls (MSFT210219C225)
STC 4 MSFT 15Jan21 225 calls (MSFT210115C225) for a debit of $2.70 (buying a calendar) (80%)


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

Happy trading.

Terry