March 9, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We are raising delta and opening a spread:

BTC 2 MSFT 26Mar21 222.5 puts (MSFT210326P222.5) 
STO 2 MSFT 26Mar21 232.5 puts (MSFT210326P232.5) for a credit of $2.45 (selling a vertical) (100%)

BTO 1 MSFT 21May21 235 put (MSFT210521P235) 
STC 1 MSFT 21May21 225 put (MSFT210521P225) for a debit of $4.10 (buying a vertical) (33%)

BTO 1 MSFT 21May21 245 call (MSFT210521C245)
STO 1 MSFT 26Mar21 242.5 call (MSFT210326C242.5) for a debit of $5.25 (buying a diagonal)


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

Happy trading.

Terry