September 11, 2020 Terry’s Tips Trade Alert  - Wiley Wolf Portfolio

We need to lower delta:

BTC 2 MSFT 18Sep20 220 calls (MSFT200918C220)
STO 2 MSFT 18Sep20 207.5 calls (MSFT200918C207.5) for a credit of $2.30 (selling a vertical)

BTC 1 MSFT 18Sep20 220 call (MSFT200918C220)
STC 1 MSFT 18Dec20 225 call (MSFT201218C225) for a credit of $7.40 (selling a diagonal)

BTO 1 MSFT 18Dec20 205 call (MSFT201218C205)
STC 1 MSFT 18Dec20 225 call (MSFT201218C225) for a debit of $7.60 (buying a vertical)

BTC 3 MSFT 18Sep20 210 puts (MSFT200918P210)
STO 3 MSFT 18Sep20 197.5 puts (MSFT200918P197.5) for a debit of $6.20 (buying a vertical)

BTO 1 MSFT 18Dec20 195 put (MSFT201218P195)
STC 1 MSFT 18Dec20 215 put (MSFT201218P215) for a credit of $10.60 (selling a vertical)

BTO 1 MSFT 18Dec20 195 put (MSFT201218P195)
STC 1 MSFT 18Dec20 210 put (MSFT201218P210) for a credit of $7.50 (selling a vertical)

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

Happy trading.

Terry