April 29, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We will start rolling out the usual four weeks to lower delta:

BTC 1 MSFT 30Apr21 262.5 put (MSFT210430P262.5)
STC 1 MSFT 18Jun21 265 put (MSFT210618P265) for a credit of $5.90 (selling a diagonal) (100%)

BTO 2 MSFT 20Aug21 255 calls (MSFT210820C255)
STC 2 MSFT 18Jun21 265 calls (MSFT210618C265) for a debit of $8.60 (buying a diagonal) (40%)

BTC 2 MSFT 30Apr21 265 calls (MSFT210430C265) for $0.03 (100%)

STO 1 MSFT 28May21 260 call (MSFT210528C260) for $2.55

STO 1 MSFT 28May21 255 call (MSFT210528C255) for $4.25

BTO 1 MSFT 20Aug21 260 call (MSFT210820C260)
STC 1 MSFT 18Jun21 265 call (MSFT210618C265) for a debit of $6.45 (buying a diagonal) (33%)


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

Happy trading.

Terry