July 8, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

These trades lower delta, raise cash, increase theta and roll out some longs:

BTO 1 MSFT 17Sep21 280 call (MSFT210917C280)
STC 1 MSFT 20Aug21 265 call (MSFT210820C265) for a credit of $7.35 (buying a diagonal) (100%)

BTC 1 MSFT 16Jul21 255 put (MSFT210716P255)
STO 1 MSFT 16Jul21 275 put (MSFT210716P275) for a credit of $1.95 (selling a vertical) (100%)

BTO 2 MSFT 17Sep21 275 puts (MSFT210917P275)
STC 2 MSFT 20Aug21 260 puts (MSFT210820P260) for a debit of $6.65 (buying a diagonal) (66%)

BTO 1 MSFT 17Sep21 280 call (MSFT210917C280)
STC 1 MSFT 17Sep21 265 call (MSFT210917C265) for a credit of $9.20 (selling a vertical) (100%)

BTC 1 MSFT 16Jul21 257.5 put (MSFT210716P257.5)
STO 1 MSFT 16Jul21 272.5 put (MSFT210716P272.5) for a credit of $1.20 (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