February 1, 2021 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

We will increase delta by raising several call strikes:

BTC 1 MSFT 26Feb21 232.5 call (MSFT210226C232.5) 
STO 1 MSFT 26Feb21 242.5 call (MSFT210226C242.5) for a debit of $6.00 (buying a vertical) (33%)

BTC 2 MSFT 26Feb21 232.5 calls (MSFT210226C232.5) 
STO 2 MSFT 26Feb21 245 calls (MSFT210226C245) for a debit of $7.10 (buying a vertical) (100%)

BTC 2 MSFT 26Feb21 235 calls (MSFT210226C235) 
STO 2 MSFT 26Feb21 247.5 calls (MSFT210226C247.5) for a debit of $6.40 (buying a vertical) (100%)

BTO 2 MSFT 16Apr21 245 calls (MSFT210416C245) 
STC 2 MSFT 16Apr21 230 calls (MSFT210416C230) for a credit of $8.20 (selling a vertical) (66%)

BTO 1 MSFT 16Apr21 250 call (MSFT210416C250) 
STC 1 MSFT 16Apr21 230 call (MSFT210416C230) for a credit of $10.40 (selling a vertical) (100%)

BTO 1 MSFT 16Apr21 245 call (MSFT210416C245) 
STC 1 MSFT 16Apr21 235 call (MSFT210416C235) for a credit of $5.15 (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