September 30, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:

BTC 4 MSFT 09Oct20 205 calls (MSFT201009C205)
STO 4 MSFT 09Oct20 217.5 calls (MSFT201009C217.5) for a debit of $6.65 (buying a vertical)

BTC 2 MSFT 09Oct20 207.5 calls (MSFT201009C207.5)
STO 2 MSFT 09Oct20 220 calls (MSFT201009C220) for a debit of $5.35 (buying a vertical)

BTO 1 MSFT 15Jan21 220 call (MSFT210115C220)
STC 1 MSFT 15Jan21 200 call (MSFT210115C200) for a credit of $10.10 (selling a vertical)

BTO 3 MSFT 15Jan21 220 calls (MSFT210115C220)
STC 3 MSFT 15Jan21 205 calls (MSFT210115C205) for a credit of $7.10 (selling a vertical)

BTO 1 MSFT 15Jan21 215 call (MSFT210115C215)
STC 1 MSFT 15Jan21 205 call (MSFT210115C205) for a credit of $5.00 (selling a vertical)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry