August 20, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

This completes rolling out our short puts and raises delta:


BTO 3 MSFT 15Oct21 300 puts (MSFT211015P300)
STC 3 MSFT 15Oct21 290 puts (MSFT211015P290) for a debit of $3.15 (buying a vertical) (60%)

BTC 1 MSFT 20Aug21 290 put (MSFT210820P290)
STO 1 MSFT 17Sep21 300 put (MSFT210917P300) for a credit of $5.00 (selling a diagonal) (100%)

BTC 1 MSFT 17Sep21 285 put (MSFT210917P285)
STO 1 MSFT 17Sep21 305 put (MSFT210917P305) for a credit of $5.30 (selling a vertical) (100%)

BTO 1 MSFT 15Oct21 305 put (MSFT211015P305)
STC 1 MSFT 15Oct21 290 put (MSFT211015P290) for a debit of $5.35 (buying a vertical) (50%)

BTC 1 MSFT 17Sep21 290 put (MSFT210917P290)
STO 1 MSFT 17Sep21 300 put (MSFT210917P300) for a credit of $2.50 (selling a vertical) (33%)


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

Happy trading.

Terry