April 22, 2021 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

With stocks reversing hard, we are now overly positive delta. We will continue rolling out to next week to lower put strikes:

BTC 1 MSFT 23Apr21 260 put (MSFT210423P260)
STO 1 MSFT 30Apr21 250 put (MSFT210430P250) for a debit of $1.20 (selling a diagonal) (50%)

BTC 1 MSFT 23Apr21 260 put (MSFT210423P260)
STO 1 MSFT 30Apr21 252.5 put (MSFT210430P252.5) for a debit of $0.35 (selling a diagonal) (100%)


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

Happy trading.

Terry