January 20, 2021 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

With MSFT now up 3.5%, we continue raising delta:

BTC 2 MSFT 22Jan21 215 puts (MSFT210122P215) 
STO 2 MSFT 29Jan21 222.5 puts (MSFT210129P222.5) for a credit of $3.70 (selling a diagonal) (66%)

BTC 1 MSFT 22Jan21 215 put (MSFT210122P215) 
STO 1 MSFT 29Jan21 225 put (MSFT210129P225) for a credit of $4.95 (selling a diagonal) (100%)

BTO 2 MSFT 19Mar21 225 puts (MSFT210319P225) 
STC 2 MSFT 19Mar21 215 puts (MSFT210319P215) for a debit of $4.35 (buying a vertical) (66%)

BTC 2 MSFT 22Jan21 217.5 calls (MSFT210122C217.5) 
STO 2 MSFT 29Jan21 225 calls (MSFT210129C225) for a debit of $2.65 (selling a diagonal) (66%)

BTC 1 MSFT 22Jan21 217.5 call (MSFT210122C217.5) 
STO 1 MSFT 29Jan21 227.5 call (MSFT210129C227.5) for a debit of $3.65 (selling a diagonal) (100%)

BTO 1 MSFT 19Mar21 225 call (MSFT210319C225) 
STC 1 MSFT 19Mar21 210 call (MSFT210319C210) for a credit of $9.10 (selling 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