October 19, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become uncomfortably long:

BTC 3 MSFT 23Oct20 222.5 puts (MSFT201023P222.5)
STO 3 MSFT 23Oct20 212.5 puts (MSFT201023P212.5) for a debit of $6.40 (buying a vertical) (100%)

BTC 5 MSFT 23Oct20 220 puts (MSFT201023P220)
STO 5 MSFT 23Oct20 210 puts (MSFT201023P210) for a debit of $5.20 (buying a vertical) (100%)

BTO 1 MSFT 15Jan21 210 put (MSFT210115P210)
STC 1 MSFT 15Jan21 225 put (MSFT210115P225) for a credit of $8.00 (selling a vertical) (100%)

BTO 3 MSFT 15Jan21 205 puts (MSFT210115P205)
STC 3 MSFT 15Jan21 220 puts (MSFT210115P220) for a credit of $7.00 (selling a vertical) (42%)

BTO 1 MSFT 15Jan21 200 put (MSFT210115P200)
STC 1 MSFT 15Jan21 220 put (MSFT210115P220) for a credit of $8.80 (selling a vertical) (25%)

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

Happy trading.

Terry