March 16, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 MSFT 26Mar21 227.5 put (MSFT210326P227.5)
STC 1 MSFT 21May21 230 put (MSFT210521P230) for a credit of $6.60 (selling a diagonal) (100%)

BTC 1 MSFT 26Mar21 235 call (MSFT210326C235) 
STO 1 MSFT 26Mar21 245 call (MSFT210326C245) for a debit of $5.10 (buying a vertical) (100%)

BTC 1 MSFT 26Mar21 230 put (MSFT210326P230) 
STO 1 MSFT 26Mar21 240 put (MSFT210326P240) for a credit of $2.80 (selling a vertical) (50%)

BTO 1 MSFT 21May21 240 put (MSFT210521P240) 
STC 1 MSFT 21May21 230 put (MSFT210521P230) for a debit of $4.20 (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