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

We continue to reduce delta:

BTC 1 MSFT 26Feb21 247.5 call (MSFT210226C247.5) 
STC 1 MSFT 16Apr21 250 call (MSFT210416C250) for a credit of $3.10 (selling a diagonal) (100%)

BTC 1 MSFT 26Feb21 247.5 call (MSFT210226C247.5) 
STO 1 MSFT 26Mar21 237.5 call (MSFT210326C237.5) for a credit of $5.00 (selling a diagonal) (100%)

BTO 1 MSFT 21May21 235 call (MSFT210521C235)
STC 1 MSFT 16Apr21 245 call (MSFT210416C245) for a debit of $7.95 (buying a diagonal) (25%)

BTC 1 MSFT 26Feb21 242.5 put (MSFT210226P242.5) 
STO 1 MSFT 26Mar21 232.5 put (MSFT210326P232.5) for a debit of $2.55 (selling a diagonal) (100%)


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

Happy trading.

Terry