July 13, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 16Jul21 275 call (MSFT210716C275)
STO 1 MSFT 16Jul21 287.5 call (MSFT210716C287.5) for a debit of $7.20 (buying a vertical) (100%)

BTO 1 MSFT 17Sep21 285 call (MSFT210917C285)
STC 1 MSFT 17Sep21 270 call (MSFT210917C270) for a credit of $9.15 (selling a vertical) (100%)

BTC 1 MSFT 16Jul21 267.5 put (MSFT210716P267.5)
STO 1 MSFT 16Jul21 280 put (MSFT210716P280) for a credit of $0.90 (selling a vertical) (100%)

BTO 1 MSFT 17Sep21 280 put (MSFT210917P280)
STC 1 MSFT 17Sep21 265 put (MSFT210917P265) for a debit of $4.70 (buying a vertical) (100%)

BTC 1 MSFT 16Jul21 272.5 put (MSFT210716P272.5)
STO 1 MSFT 16Jul21 282.5 put (MSFT210716P282.5) for a credit of $1.80 (selling a vertical) (100%)

BTO 1 MSFT 17Sep21 285 put (MSFT210917P285)
STC 1 MSFT 17Sep21 275 put (MSFT210917P275) for a debit of $4.35 (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