October 23, 2020 Terry’s Tips Trade Alert #4 - Wiley Wolf Portfolio

We will use our excess cash to buy more spreads:

BTO 2 MSFT 15Jan21 215 puts (MSFT210115P215)
STO 2 MSFT 30Oct20 217.5 puts (MSFT201030P217.5) for a debit of $8.15 (buying a diagonal)

BTO 2 MSFT 15Jan21 220 puts (MSFT210115P220)
STO 2 MSFT 30Oct20 217.5 puts (MSFT201030P217.5) for a debit of $10.80 (buying a diagonal)

BTO 3 MSFT 15Jan21 225 calls (MSFT210115C225)
STO 3 MSFT 30Oct20 222.5 calls (MSFT201030C222.5) for a debit of $7.85 (buying a diagonal)

BTO 2 MSFT 15Jan21 225 calls (MSFT210115C225)
STO 2 MSFT 30Oct20 220 calls (MSFT201030C220) for a debit of $7.00 (buying a diagonal)


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

Happy trading.

Terry