February 24, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We continue rolling out to reduce delta:

BTC 1 MSFT 26Feb21 240 put (MSFT210226P240) 
STO 1 MSFT 26Mar21 227.5 put (MSFT210326P227.5) for a debit of $2.55 (selling a diagonal) (100%)

BTO 1 MSFT 21May21 230 put (MSFT210521P230)
STC 1 MSFT 16Apr21 245 put (MSFT210416P245) for a credit of $4.30 (buying a diagonal) (50%)

BTC 1 MSFT 26Feb21 242.5 call (MSFT210226C242.5) 
STO 1 MSFT 26Mar21 235 call (MSFT210326C235) for a credit of $5.95 (selling a diagonal) (50%)

BTC 1 MSFT 26Feb21 242.5 call (MSFT210226C242.5) 
STO 1 MSFT 26Mar21 240 call (MSFT210326C240) for a credit of $3.85 (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) (100%)

BTO 1 MSFT 21May21 235 call (MSFT210521C235)
STC 1 MSFT 16Apr21 240 call (MSFT210416C240) for a debit of $6.15 (buying a diagonal) (33%)


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

Happy trading.

Terry