Subject: September 17, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio
September 17, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio
We need to lower delta. We will start rolling out three
weeks to 9Oct so we can have two weekly rolls prior to MSFT’s earnings:
BTC
4 MSFT 18Sep20 217.5 calls
(MSFT200918C217.5)
STC 4 MSFT 18Dec20
220 calls (MSFT201218C220) for a credit of $7.90 (selling a diagonal)
BTC 4 MSFT 18Sep20
215 calls (MSFT200918C215)
STO 4 MSFT 09Oct20
205 calls (MSFT201009C205) for a credit of $5.40 (selling a diagonal)
BTO 3 MSFT 15Jan21
205 calls (MSFT210115C205)
STC 3 MSFT 18Dec20
215 calls (MSFT201218C215) for a debit of $5.70 (buying a vertical)
Be prepared to change this (these) price limit(s) by $.05 or more in order to
get an execution.
Happy trading.
Terry
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