June 17, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 25Jun21 255 call (MSFT210625C255)
STO 1 MSFT 25Jun21 267.5 call (MSFT210625C267.5) for a debit of $6.55 (buying a vertical) (100%)

BTC 1 MSFT 25Jun21 247.5 put (MSFT210625P247.5)
STO 1 MSFT 25Jun21 262.5 put (MSFT210625P262.5) for a credit of $2.95 (selling a vertical) (100%)

BTO 1 MSFT 20Aug21 260 put (MSFT210820P260)
STC 1 MSFT 20Aug21 245 put (MSFT210820P245) for a debit of $4.85 (buying 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