September 4, 2020 Terry’s Tips Trade Alert  #2 - Wiley Wolf Portfolio

We need to reduce delta by lowering call strikes:

BTC 3 MSFT 18Sep20 232.5 calls (MSFT200918C232.5)
STO 3 MSFT 18Sep20 220 calls (MSFT200918C220) for a credit of $2.60 (selling a vertical)

BTC 2 MSFT 18Sep20 232.5 calls (MSFT200918C232.5)
STO 2 MSFT 18Sep20 217.5 calls (MSFT200918C217.5) for a credit of $3.40 (selling a vertical)

BTC 2 MSFT 18Sep20 230 calls (MSFT200918C230)
STO 2 MSFT 18Sep20 215 calls (MSFT200918C215) for a credit of $4.10 (selling a vertical)

BTC 2 MSFT 18Sep20 227.5 calls (MSFT200918C227.5)
STO 2 MSFT 18Sep20 212.5 calls (MSFT200918C212.5) for a credit of $4.80 (selling a vertical)

BTC 2 MSFT 18Sep20 225 calls (MSFT200918C225)
STO 2 MSFT 18Sep20 215 calls (MSFT200918C215) for a credit of $3.20 (selling a vertical)

BTO 3 MSFT 18Dec20 215 calls (MSFT201218C215)
STC 3 MSFT 18Dec20 235 calls (MSFT201218C235) for a debit of $7.80 (buying a vertical)

BTO 4 MSFT 18Dec20 210 calls (MSFT201218C210)
STC 4 MSFT 18Dec20 230 calls (MSFT201218C230) for a debit of $8.50 (buying a vertical)

BTO 1 MSFT 18Dec20 225 call (MSFT201218C225)
STC 1 MSFT 18Dec20 230 call (MSFT201218C230) for a debit of $1.90 (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