March 18, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

With MSFT down 2.1%, we are taking off the highest-strike spreads:

BTC 2 MSFT 26Mar21 240 calls (MSFT210326C240)
STC 2 MSFT 21May21 240 calls (MSFT210521C240) for a credit of $6.35 (selling a calendar) (100%)

BTC 1 MSFT 26Mar21 237.5 put (MSFT210326P237.5)
STC 1 MSFT 21May21 235 put (MSFT210521P235) for a credit of $5.60 (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