September 9, 2020 Terry’s Tips Trade Alert  - Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 18Sep20 197.5 put (MSFT200918P197.5)
STO 1 MSFT 18Sep20 207.5 put (MSFT200918P207.5) for a credit of $2.40 (selling a vertical)

BTC 3 MSFT 18Sep20 197.5 puts (MSFT200918P197.5)
STO 3 MSFT 18Sep20 210 puts (MSFT200918P210) for a credit of $3.40 (selling a vertical)

BTO 3 MSFT 18Dec20 205 puts (MSFT201218P205)
STC 3 MSFT 18Dec20 195 puts (MSFT201218P195) for a debit of $4.00 (buying a vertical)

BTO 1 MSFT 18Dec20 215 put (MSFT201218P215)
STC 1 MSFT 18Dec20 195 put (MSFT201218P195) for a debit of $9.10 (buying a vertical)

BTC 2 MSFT 18Sep20 207.5 calls (MSFT200918C207.5)
STO 2 MSFT 18Sep20 217.5 calls (MSFT200918C217.5) for a debit of $4.90 (buying a vertical)

BTO 1 MSFT 18Dec20 225 call (MSFT201218C225)
STC 1 MSFT 18Dec20 205 call (MSFT201218C205) for a credit of $9.10 (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