August 26, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We are using our excess cash to buy more spreads to reduce delta:


BTO 1 MSFT 19Nov21 315 call (MSFT211119C315)
STO 1 MSFT 17Sep21 307.5 call (MSFT210917C307.5) for a debit of $4.25 (buying a diagonal)  

BTO 1 MSFT 19Nov21 310 call (MSFT211119C310)
STO 1 MSFT 17Sep21 302.5 call (MSFT210917C302.5) for a debit of $4.25 (buying a diagonal)  

BTO 2 MSFT 19Nov21 310 calls (MSFT211119C310)
STO 2 MSFT 17Sep21 300 calls (MSFT210917C300) for a debit of $3.00 (buying a diagonal)  

BTO 1 MSFT 19Nov21 290 put (MSFT211119P290)
STO 1 MSFT 17Sep21 297.5 put (MSFT210917P297.5) for a debit of $5.00 (buying a diagonal)  

BTO 1 MSFT 19Nov21 290 put (MSFT211119P290)
STO 1 MSFT 17Sep21 292.5 put (MSFT210917P292.5) for a debit of $6.35 (buying a diagonal)  

BTC 1 MSFT 17Sep21 305 put (MSFT210917P305)
STO 1 MSFT 17Sep21 297.5 put (MSFT210917P297.5) for a debit of $3.75 (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