January 26, 2021 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

These trades will get us set up for MSFT’s earnings tonight by raising both delta and theta:

BTC 2 MSFT 29Jan21 217.5 puts (MSFT210129P217.5) 
STO 2 MSFT 29Jan21 227.5 puts (MSFT210129P227.5) for a credit of $2.10 (selling a vertical) (100%)

BTC 2 MSFT 29Jan21 220 puts (MSFT210129P220) 
STO 2 MSFT 29Jan21 230 puts (MSFT210129P230) for a credit of $2.85 (selling a vertical) (100%)

BTO 1 MSFT 19Mar21 230 put (MSFT210319P230) 
STC 1 MSFT 19Mar21 215 put (MSFT210319P215) for a debit of $5.45 (buying a vertical) (100%)

BTO 1 MSFT 19Mar21 235 put (MSFT210319P235) 
STC 1 MSFT 19Mar21 220 put (MSFT210319P220) for a debit of $6.50 (buying a vertical) (25%)

BTO 1 MSFT 19Mar21 230 put (MSFT210319P230) 
STC 1 MSFT 19Mar21 220 put (MSFT210319P220) for a debit of $4.00 (buying a vertical) (33%)


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

Happy trading.

Terry