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

We need to reduce delta by lowering put strikes:

BTC 1 MSFT 18Sep20 220 put (MSFT200918P220)
STO 1 MSFT 18Sep20 207.5 put (MSFT200918P207.5) for a debit of $6.70 (buying a vertical)

BTC 2 MSFT 18Sep20 217.5 puts (MSFT200918P217.5)
STO 2 MSFT 18Sep20 207.5 puts (MSFT200918P207.5) for a debit of $5.10 (buying a vertical)

BTC 2 MSFT 18Sep20 217.5 puts (MSFT200918P217.5)
STO 2 MSFT 18Sep20 205 puts (MSFT200918P205) for a debit of $6.00 (buying a vertical)

BTC 3 MSFT 18Sep20 215 puts (MSFT200918P215)
STO 3 MSFT 18Sep20 202.5 puts (MSFT200918P202.5) for a debit of $5.30 (buying a vertical)

BTC 3 MSFT 18Sep20 215 puts (MSFT200918P215)
STO 3 MSFT 18Sep20 200 puts (MSFT200918P200) for a debit of $6.00 (buying a vertical)

BTO 1 MSFT 18Dec20 200 put (MSFT201218P200)
STC 1 MSFT 18Dec20 225 put (MSFT201218P225) for a credit of $12.60 (selling a vertical)

BTO 4 MSFT 18Dec20 200 puts (MSFT201218P200)
STC 4 MSFT 18Dec20 220 puts (MSFT201218P220) for a credit of $9.80 (selling a vertical)

BTO 1 MSFT 18Dec20 195 put (MSFT201218P195)
STC 1 MSFT 18Dec20 215 put (MSFT201218P215) for a credit of $8.90 (selling a vertical)

BTO 1 MSFT 18Dec20 200 put (MSFT201218P200)
STC 1 MSFT 18Dec20 215 put (MSFT201218P215) for a credit of $6.80 (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