October 20, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We remain uncomfortably long:

BTC 3 MSFT 23Oct20 217.5 puts (MSFT201023P217.5)
STO 3 MSFT 23Oct20 207.5 puts (MSFT201023P207.5)
BTO 3 MSFT 15Jan21 210 puts (MSFT210115P210)
STC 3 MSFT 15Jan21 220 puts (MSFT210115P220) for a credit of $1.10 (buying a vertical roll) (100%)

BTC 1 MSFT 23Oct20 227.5 call (MSFT201023C227.5)
STO 1 MSFT 23Oct20 217.5 call (MSFT201023C217.5) for a credit of $1.20 (selling a vertical) (50%)

BTC 4 MSFT 23Oct20 225 calls (MSFT201023C225)
STO 4 MSFT 23Oct20 215 calls (MSFT201023C215) for a credit of $2.05 (selling a vertical) (100%)

BTO 5 MSFT 15Jan21 210 calls (MSFT210115C210)
STC 5 MSFT 15Jan21 220 calls (MSFT210115C220) for a debit of $5.00 (buying a vertical) (62%)

BTC 1 MSFT 23Oct20 227.5 call (MSFT201023C227.5)
STC 1 MSFT 15Jan21 225 call (MSFT210115C225) for a credit of $9.40 (selling a diagonal) (100%)


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

Happy trading.

Terry