July 20, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:

BTC 2 MSFT 23Jul21 270 puts (MSFT210723P270)
STO 2 MSFT 23Jul21 280 puts (MSFT210723P280)
BTO 2 MSFT 17Sep21 280 puts (MSFT210917P280)
STC 2 MSFT 17Sep21 270 puts (MSFT210917P270) for a debit of $2.35 (buying a vertical roll) (100%)

BTC 2 MSFT 23Jul21 277.5 calls (MSFT210723C277.5)
STO 2 MSFT 23Jul21 282.5 calls (MSFT210723C282.5)
BTO 2 MSFT 17Sep21 280 calls (MSFT210917C280)
STC 2 MSFT 17Sep21 275 calls (MSFT210917C275) for a debit of $0.15 (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