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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