April 30, 2021 Terry’s Tips Trade Alert #4 - Wiley Wolf Portfolio

We will use our cash to roll out our remaining longs and add a spread:

BTO 1 MSFT 20Aug21 245 put (MSFT210820P245)
STC 1 MSFT 18Jun21 245 put (MSFT210618P245) for a debit of $5.30 (buying a calendar) (100%)

BTO 1 MSFT 20Aug21 250 put (MSFT210820P250)
STC 1 MSFT 18Jun21 250 put (MSFT210618P250) for a debit of $5.60 (buying a calendar) (100%)

BTO 2 MSFT 20Aug21 255 puts (MSFT210820P255)
STC 2 MSFT 18Jun21 255 puts (MSFT210618P255) for a debit of $5.60 (buying a calendar) (100%)

BTO 1 MSFT 20Aug21 265 call (MSFT210820C265)
STO 1 MSFT 28May21 262.5 call (MSFT210528C262.5) for a debit of $6.05 (buying a diagonal)


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

Happy trading.

Terry