October 26, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become uncomfortably long:

BTC 4 MSFT 30Oct20 217.5 puts (MSFT201030P217.5)
STO 4 MSFT 30Oct20 207.5 puts (MSFT201030P207.5) for a debit of $5.55 (buying a vertical) (100%)

BTC 4 MSFT 30Oct20 215 puts (MSFT201030P215)
STO 4 MSFT 30Oct20 202.5 puts (MSFT201030P202.5) for a debit of $5.60 (buying a vertical) (100%)

BTO 2 MSFT 15Jan21 200 puts (MSFT210115P200)
STC 2 MSFT 15Jan21 220 puts (MSFT210115P220) for a credit of $9.80 (selling a vertical) (100%)

BTO 3 MSFT 15Jan21 200 puts (MSFT210115P200)
STC 3 MSFT 15Jan21 215 puts (MSFT210115P215) for a credit of $6.85 (selling a vertical) (42%)

BTC 2 MSFT 30Oct20 225 calls (MSFT201030C225)
STO 2 MSFT 30Oct20 210 calls (MSFT201030C210)
BTO 2 MSFT 15Jan21 210 calls (MSFT210115C210)
STC 2 MSFT 15Jan21 225 calls (MSFT210115C225) for a debit of $1.60 (selling a vertical roll) (100%)


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

Happy trading.

Terry