August 16, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:


BTC 1 MSFT 20Aug21 280 put (MSFT210820P280)
STO 1 MSFT 17Sep21 290 put (MSFT210917P290)
BTO 1 MSFT 15Oct21 290 put (MSFT211015P290)
STC 1 MSFT 15Oct21 280 put (MSFT211015P280) for a credit of $1.25 (buying a custom vertical roll) (50%)

BTC 1 MSFT 20Aug21 280 put (MSFT210820P280)
STO 1 MSFT 17Sep21 295 put (MSFT210917P295)
BTO 1 MSFT 15Oct21 295 put (MSFT211015P295)
STC 1 MSFT 15Oct21 280 put (MSFT211015P280) for a credit of $1.25 (buying a custom vertical roll) (100%)

BTC 2 MSFT 20Aug21 290 calls (MSFT210820C290)
STO 2 MSFT 20Aug21 295 calls (MSFT210820C295) for a debit of $2.90 (buying a vertical) (100%)


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

Happy trading.

Terry