July 22, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We will begin rolling out to raise delta:

BTC 1 MSFT 23Jul21 280 call (MSFT210723C280)
STO 1 MSFT 30Jul21 285 call (MSFT210730C285) for a debit of $0.55 (selling a diagonal) (100%)

BTO 1 MSFT 17Sep21 285 call (MSFT210917C285)
STC 1 MSFT 17Sep21 275 call (MSFT210917C275) for a credit of $6.35 (selling a vertical) (100%)

BTO 1 MSFT 17Sep21 285 put (MSFT210917P285)
STC 1 MSFT 17Sep21 270 put (MSFT210917P270) for a debit of $4.95 (buying a vertical) (100%)

BTC 2 MSFT 23Jul21 272.5 puts (MSFT210723P272.5)
STO 2 MSFT 30Jul21 280 puts (MSFT210730P280) for a credit of $2.60 (selling a diagonal) (100%)

BTC 1 MSFT 23Jul21 275 put (MSFT210723P275)
STO 1 MSFT 30Jul21 282.5 put (MSFT210730P282.5) for a credit of $3.40 (selling a diagonal) (100%)

BTO 1 MSFT 17Sep21 285 put (MSFT210917P285)
STC 1 MSFT 17Sep21 275 put (MSFT210917P275) for a debit of $3.75 (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