September 17, 2020 Terry’s Tips Trade Alert  #2 - Wiley Wolf Portfolio

We continue rolling out and reducing delta:

BTC 4 MSFT 18Sep20 207.5 puts (MSFT200918P207.5)
STO 4 MSFT 09Oct20 200 puts (MSFT201009P200) for a debit of $0.15 (selling a diagonal)

BTC 2 MSFT 18Sep20 205 puts (MSFT200918P205)
STO 2 MSFT 09Oct20 197.5 puts (MSFT201009P197.5) for a credit of $0.90 (selling a diagonal)
 
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry