August 18, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We are rolling out our short options four weeks to raise delta:


BTC 1 MSFT 20Aug21 282.5 put (MSFT210820P282.5)
STO 1 MSFT 17Sep21 285 put (MSFT210917P285)
BTO 1 MSFT 15Oct21 290 put (MSFT211015P290)
STC 1 MSFT 15Oct21 280 put (MSFT211015P280) for a debit of $0.10 (buying a custom vertical roll) (50%)

BTC 1 MSFT 20Aug21 282.5 put (MSFT210820P282.5)
STO 1 MSFT 17Sep21 290 put (MSFT210917P290) for a credit of $4.40 (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