February 22, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

With MSFT down nearly 3% today, we need to reduce delta:

BTC 1 MSFT 26Feb21 245 put (MSFT210226P245) 
STO 1 MSFT 26Mar21 235 put (MSFT210326P235) for a debit of $3.20 (selling a diagonal) (100%)

BTC 2 MSFT 26Feb21 250 calls (MSFT210226C250) 
STC 2 MSFT 16Apr21 250 calls (MSFT210416C250) for a credit of $3.60 (selling a calendar) (100%)


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

Happy trading.

Terry