Subject: January 15, 2021 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

 

 January 15, 2021 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

We continue rolling out to next week to reduce delta:

BTC 1
MSFT 15Jan21 215 put (MSFT210115P215) 
STO 1
MSFT 22Jan21 207.5 put (MSFT210122P207.5) for a debit of $0.55 (selling a diagonal) (33%)

BTC 1
MSFT 15Jan21 215 put (MSFT210115P215) 
STO 1
MSFT 22Jan21 212.5 put (MSFT210122P212.5) for a credit of $0.80 (selling a diagonal) (50%)

BTC 1
MSFT 15Jan21 215 put (MSFT210115P215) 
STO 1
MSFT 22Jan21 215 put (MSFT210122P215) for a credit of $2.00 (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

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