September 3, 2020 Terry’s Tips Trade Alert  #2 - Wiley Wolf Portfolio

We need to further reduce delta:

BTC 4 MSFT 18Sep20 237.5 calls (MSFT200918P237.5)
STO 4 MSFT 18Sep20 225 calls (MSFT200918P225) for a credit of $2.80 (selling a vertical)

BTC 4 MSFT 18Sep20 235 calls (MSFT200918P235)
STO 4 MSFT 18Sep20 222.5 calls (MSFT200918P222.5) for a credit of $3.30 (selling a vertical)

BTO 4 MSFT 18Dec20 220 calls (MSFT201218P220)
STC 4 MSFT 18Dec20 240 calls (MSFT201218P240) for a debit of $7.50 (buying a vertical)

BTC 1 MSFT 18Sep20 237.5 call (MSFT200918P237.5)
STC 1 MSFT 18Dec20 245 call (MSFT201218P245) for a credit of $8.20 (selling a diagonal)

BTO 1 MSFT 18Dec20 230 call (MSFT201218P230)
STC 1 MSFT 18Dec20 240 call (MSFT201218P240) for a debit of $3.40 (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