January 29, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We are rolling out to reduce delta:

BTC 1 MSFT 29Jan21 242.5 call (MSFT210129C242.5) 
STO 1 MSFT 26Feb21 235 call (MSFT210226C235) for a credit of $7.45 (selling a diagonal) (100%)

BTC 2 MSFT 26Feb21 240 puts (MSFT210226P240) 
STO 2 MSFT 26Feb21 230 puts (MSFT210226P230) for a debit of $5.25 (buying a vertical) (100%)

BTC 1 MSFT 29Jan21 240 call (MSFT210129C240) 
STO 1 MSFT 26Feb21 235 call (MSFT210226C235) for a credit of $7.35 (selling a diagonal) (100%)


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

Happy trading.

Terry