October 28, 2020 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

We continue rolling out and lowering delta:

BTC 4 MSFT 30Oct20 212.5 puts (MSFT201030P212.5)
STO 4 MSFT 27Nov20 202.5 puts (MSFT201127P202.5) for a credit of $0.30 (selling a diagonal) (100%)

BTC 3 MSFT 30Oct20 217.5 calls (MSFT201030C217.5)
STO 3 MSFT 27Nov20 205 calls (MSFT201127C205) for a credit of $9.00 (selling a diagonal) (100%)

BTO 2 MSFT 19Feb21 205 calls (MSFT210219C205)
STC 2 MSFT 19Feb21 225 calls (MSFT210219C225) for a debit of $8.05 (buying a vertical) (50%)


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

Happy trading.

Terry