February 23, 2021 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

We continue to reduce delta:

BTC 1 MSFT 26Feb21 245 call (MSFT210226C245) 
STC 1 MSFT 16Apr21 245 call (MSFT210416C245) for a credit of $4.25 (selling a calendar) (50%)

BTC 1 MSFT 26Feb21 245 call (MSFT210226C245) 
STO 1 MSFT 26Mar21 237.5 call (MSFT210326C237.5) for a credit of $4.65 (selling a diagonal) (100%)

BTO 1 MSFT 21May21 240 call (MSFT210521C240)
STC 1 MSFT 16Apr21 245 call (MSFT210416C245) for a debit of $5.60 (buying a diagonal) (50%)

BTC 1 MSFT 26Feb21 240 put (MSFT210226P240) 
STO 1 MSFT 26Mar21 230 put (MSFT210326P230) for a debit of $1.80 (selling a diagonal) (50%)


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

Happy trading.

Terry