August 5, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio
 
We will raise delta by adding spreads:

BTO 1 MSFT 15Oct21 290 put (MSFT211015P290)
STO 1 MSFT 20Aug21 287.5 put (MSFT210820P287.5) for a debit of $7.05 (buying a diagonal)

BTO 1 MSFT 15Oct21 295 call (MSFT211015C295)
STO 1 MSFT 20Aug21 295 call (MSFT210820C295) for a debit of $5.35 (buying a calendar)

BTO 1 MSFT 15Oct21 295 call (MSFT211015C295)
STO 1 MSFT 20Aug21 297.5 call (MSFT210820C297.5) for a debit of $5.80 (buying a diagonal)

BTC 1 MSFT 20Aug21 285 call (MSFT210820C285)
STO 1 MSFT 20Aug21 292.5 call (MSFT210820C292.5) for a debit of $4.00 (buying a vertical) (50%)


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

Happy trading.

Terry