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

With MSFT down 1.5%, we will take off the highest-strike spreads:

BTC 1 MSFT 26Mar21 245 call (MSFT210326C245)
STC 1 MSFT 21May21 245 call (MSFT210521C245) for a credit of $5.80 (selling a calendar) (100%)

BTC 1 MSFT 26Mar21 240 put (MSFT210326P240)
STC 1 MSFT 21May21 240 put (MSFT210521P240) for a credit of $6.95 (selling a calendar) (100%)

BTC 2 MSFT 26Mar21 242.5 calls (MSFT210326C242.5)
STC 2 MSFT 21May21 240 calls (MSFT210521C240) for a credit of $7.35 (selling a diagonal) (100%)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry