September 25, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 09Oct20 187.5 put (MSFT201009P187.5)
STO 1 MSFT 09Oct20 202.5 put (MSFT201009P202.5) for a credit of $2.50 (selling a vertical)

BTC 2 MSFT 09Oct20 202.5 calls (MSFT201009C202.5)
STO 2 MSFT 09Oct20 217.5 calls (MSFT201009C217.5) for a debit of $6.45 (buying a vertical)

BTO 2 MSFT 15Jan21 215 calls (MSFT210115C215)
STC 2 MSFT 15Jan21 200 calls (MSFT210115C200) for a credit of $7.20 (selling a vertical)

BTC 2 MSFT 09Oct20 190 puts (MSFT201009P190)
STO 2 MSFT 09Oct20 205 puts (MSFT201009P205) for a credit of $3.25 (selling a vertical)

BTO 1 MSFT 15Jan21 210 put (MSFT210115P210)
STC 1 MSFT 15Jan21 185 put (MSFT210115P185) for a debit of $10.40 (buying a vertical)

BTO 1 MSFT 15Jan21 210 put (MSFT210115P210)
STC 1 MSFT 15Jan21 190 put (MSFT210115P190) for a debit of $8.80 (buying a vertical)

BTC 1 MSFT 09Oct20 187.5 put (MSFT201009P187.5)
STC 1 MSFT 15Jan21 185 put (MSFT210115P185) for a credit of $6.90 (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