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

With MSFT down 2.5%, we have become uncomfortably long:

BTC 1 MSFT 09Oct20 220 call (MSFT201009C220)
STO 1 MSFT 09Oct20 207.5 call (MSFT201009C207.5) for a credit of $3.40 (selling a vertical)

BTO 1 MSFT 15Jan21 205 call (MSFT210115C205)
STC 1 MSFT 15Jan21 220 call (MSFT210115C220) for a debit of $6.80 (buying a vertical)

BTC 2 MSFT 09Oct20 212.5 puts (MSFT201009P212.5)
STO 2 MSFT 09Oct20 200 puts (MSFT201009P200) for a debit of $5.20 (buying a vertical)

BTC 1 MSFT 09Oct20 220 call (MSFT201009C220)
STC 1 MSFT 15Jan21 220 call (MSFT210115C220) for a credit of $11.35 (selling a calendar)


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

Happy trading.

Terry