September 28, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 09Oct20 192.5 put (MSFT201009P192.5)
STC 1 MSFT 15Jan21 190 put (MSFT210115P190) for a credit of $7.50 (selling a diagonal)

BTC 1 MSFT 09Oct20 192.5 put (MSFT201009P192.5)
STO 1 MSFT 09Oct20 207.5 put (MSFT201009P207.5) for a credit of $2.90 (selling a vertical)

BTC 2 MSFT 09Oct20 195 puts (MSFT201009P195)
STO 2 MSFT 09Oct20 207.5 puts (MSFT201009P207.5) for a credit of $2.70 (selling a vertical)

BTC 1 MSFT 09Oct20 195 put (MSFT201009P195)
STO 1 MSFT 09Oct20 210 put (MSFT201009P210) for a credit of $3.80 (selling a vertical)

BTO 2 MSFT 15Jan21 210 puts (MSFT210115P210)
STC 2 MSFT 15Jan21 195 puts (MSFT210115P195) for a debit of $6.70 (buying a vertical)

BTO 2 MSFT 15Jan21 205 puts (MSFT210115P205)
STC 2 MSFT 15Jan21 195 puts (MSFT210115P195) for a debit of $4.25 (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