August 19, 2021 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

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


BTC 1 MSFT 20Aug21 287.5 put (MSFT210820P287.5)
STO 1 MSFT 17Sep21 290 put (MSFT210917P290) for a credit of $3.95 (selling a diagonal) (50%)

BTC 1 MSFT 20Aug21 287.5 put (MSFT210820P287.5)
STO 1 MSFT 17Sep21 295 put (MSFT210917P295) for a credit of $5.60 (selling a diagonal) (100%)

BTO 1 MSFT 15Oct21 295 put (MSFT211015P295)
STC 1 MSFT 15Oct21 280 put (MSFT211015P280) for a debit of $4.50 (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