October 22, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We will start rolling out to next week and reducing delta:

BTC 4 MSFT 23Oct20 222.5 calls (MSFT201023C222.5)
STO 4 MSFT 30Oct20 212.5 calls (MSFT201030C212.5) for a credit of $5.60 (selling a diagonal) (100%)

BTO 2 MSFT 15Jan21 205 calls (MSFT210115C205)
STC 2 MSFT 15Jan21 220 calls (MSFT210115C220) for a debit of $7.70 (buying a vertical) (66%)

BTO 1 MSFT 15Jan21 210 call (MSFT210115C210)
STC 1 MSFT 15Jan21 220 call (MSFT210115C220) for a debit of $4.85 (buying a vertical) (100%)

BTC 3 MSFT 23Oct20 215 puts (MSFT201023P215)
STO 3 MSFT 30Oct20 205 puts (MSFT201030P205) for a debit of $0.55 (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