October 28, 2020 Terry’s Tips Trade Alert #3 - Wiley Wolf Portfolio

We continue rolling out and lowering delta:

BTC 3 MSFT 30Oct20 210 puts (MSFT201030P210)
STO 3 MSFT 27Nov20 200 puts (MSFT201127P200) for a credit of $1.25 (selling a diagonal) (100%)

BTC 4 MSFT 30Oct20 215 calls (MSFT201030C215)
STO 4 MSFT 27Nov20 205 calls (MSFT201127C205) for a credit of $8.75 (selling a diagonal) (100%)

BTO 3 MSFT 19Feb21 205 calls (MSFT210219C205)
STC 3 MSFT 15Jan21 215 calls (MSFT210115C215) for a debit of $6.95 (buying a diagonal) (100%)

BTO 1 MSFT 19Feb21 200 call (MSFT210219C200)
STC 1 MSFT 15Jan21 210 call (MSFT210115C210) for a debit of $7.40 (buying a diagonal) (12%)


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

Happy trading.

Terry