January 19, 2021 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 22Jan21 207.5 put (MSFT210122P207.5) 
STO 1 MSFT 22Jan21 215 put (MSFT210122P215) for a credit of $1.15 (selling a vertical) (100%)

BTC 1 MSFT 22Jan21 212.5 call (MSFT210122C212.5) 
STO 1 MSFT 22Jan21 220 call (MSFT210122C220) for a debit of $3.65 (buying a vertical) (100%)


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

Happy trading.

Terry