August 13, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:


BTC 1 MSFT 20Aug21 277.5 put (MSFT210820P277.5)
STO 1 MSFT 20Aug21 287.5 put (MSFT210820P287.5)
BTO 1 MSFT 15Oct21 285 put (MSFT211015P285)
STC 1 MSFT 15Oct21 275 put (MSFT211015P275) for a debit of $1.85 (buying a vertical roll) (50%)

BTC 1 MSFT 20Aug21 277.5 put (MSFT210820P277.5)
STO 1 MSFT 20Aug21 290 put (MSFT210820P290)
BTO 1 MSFT 15Oct21 285 put (MSFT211015P285)
STC 1 MSFT 15Oct21 275 put (MSFT211015P275) for a debit of $1.10 (buying a vertical roll) (100%)

BTC 1 MSFT 20Aug21 285 call (MSFT210820C285)
STO 1 MSFT 20Aug21 295 call (MSFT210820C295)
BTO 1 MSFT 15Oct21 295 call (MSFT211015C295)
STC 1 MSFT 15Oct21 285 call (MSFT211015C285) for a debit of $0.55 (selling a vertical roll) (100%)

BTC 1 MSFT 20Aug21 287.5 call (MSFT210820C287.5)
STO 1 MSFT 20Aug21 292.5 call (MSFT210820C292.5)
BTO 1 MSFT 15Oct21 290 call (MSFT211015C290)
STC 1 MSFT 15Oct21 285 call (MSFT211015C285) for a debit of $0.15 (selling a vertical roll) (50%)

BTC 1 MSFT 20Aug21 287.5 call (MSFT210820C287.5)
STO 1 MSFT 20Aug21 295 call (MSFT210820C295)
BTO 1 MSFT 15Oct21 295 call (MSFT211015C295)
STC 1 MSFT 15Oct21 285 call (MSFT211015C285) for a credit of $1.60 (selling a vertical roll) (100%)


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

Happy trading.

Terry