July 16, 2021 Terry’s Tips Trade Alert #3 - Wiley Wolf Portfolio

This completes rolling out and adds two spreads:

BTC 1 MSFT 16Jul21 282.5 put (MSFT210716P282.5)
STO 1 MSFT 23Jul21 282.5 put (MSFT210723P282.5) for a credit of $2.15 (selling a calendar) (100%)

BTC 1 MSFT 16Jul21 282.5 call (MSFT210716C282.5)
STO 1 MSFT 23Jul21 282.5 call (MSFT210723C282.5) for a credit of $2.15 (selling a calendar) (100%)

BTO 1 MSFT 17Sep21 280 put (MSFT210917P280)
STO 1 MSFT 23Jul21 277.5 put (MSFT210723P277.5) for a debit of $7.90 (buying a diagonal)  

BTO 1 MSFT 17Sep21 295 call (MSFT210917C295)
STO 1 MSFT 23Jul21 287.5 call (MSFT210723C287.5) for a debit of $3.25 (buying a diagonal)  


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

Happy trading.

Terry