July 19, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We need to reduce delta:

BTC 2 MSFT 23Jul21 282.5 puts (MSFT210723P282.5)
STO 2 MSFT 23Jul21 272.5 puts (MSFT210723P272.5)
BTO 2 MSFT 17Sep21 275 puts (MSFT210917P275)
STC 2 MSFT 17Sep21 285 puts (MSFT210917P285) for a debit of $0.10 (buying a vertical roll) (100%)

BTC 2 MSFT 23Jul21 280 puts (MSFT210723P280)
STO 2 MSFT 23Jul21 270 puts (MSFT210723P270)
BTO 2 MSFT 17Sep21 270 puts (MSFT210917P270)
STC 2 MSFT 17Sep21 280 puts (MSFT210917P280) for a credit of $0.30 (buying a vertical roll) (100%)

BTC 2 MSFT 23Jul21 287.5 calls (MSFT210723C287.5)
STO 2 MSFT 23Jul21 277.5 calls (MSFT210723C277.5)
BTO 2 MSFT 17Sep21 275 calls (MSFT210917C275)
STC 2 MSFT 17Sep21 285 calls (MSFT210917C285) for a debit of $2.70 (selling a vertical roll) (100%)


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

Happy trading.

Terry