July 14, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 16Jul21 277.5 call (MSFT210716C277.5)
STO 1 MSFT 23Jul21 285 call (MSFT210723C285) for a debit of $3.80 (selling a diagonal) (100%)

BTC 1 MSFT 16Jul21 275 put (MSFT210716P275)
STO 1 MSFT 23Jul21 280 put (MSFT210723P280) for a credit of $1.55 (selling a diagonal) (100%)

BTO 1 MSFT 17Sep21 285 call (MSFT210917C285)
STC 1 MSFT 17Sep21 275 call (MSFT210917C275) for a credit of $5.75 (selling a vertical) (50%)

BTO 1 MSFT 17Sep21 285 put (MSFT210917P285)
STC 1 MSFT 17Sep21 275 put (MSFT210917P275) for a debit of $4.30 (buying a vertical) (50%)

BTC 1 MSFT 23Jul21 272.5 put (MSFT210723P272.5)
STO 1 MSFT 23Jul21 277.5 put (MSFT210723P277.5) for a credit of $0.60 (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