May 11, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We are reducing delta and increasing theta:

BTC 2 MSFT 28May21 252.5 puts (MSFT210528P252.5)
STO 2 MSFT 28May21 242.5 puts (MSFT210528P242.5)
BTO 2 MSFT 20Aug21 240 puts (MSFT210820P240)
STC 2 MSFT 20Aug21 255 puts (MSFT210820P255) for a credit of $2.20 (buying a vertical roll) (100%)

BTC 2 MSFT 28May21 250 puts (MSFT210528P250)
STO 2 MSFT 28May21 240 puts (MSFT210528P240) for a debit of $4.65 (buying a vertical) (100%)

BTO 1 MSFT 20Aug21 240 put (MSFT210820P240)
STC 1 MSFT 20Aug21 250 put (MSFT210820P250) for a credit of $4.80 (selling a vertical) (50%)

BTC 1 MSFT 28May21 262.5 call (MSFT210528C262.5)
STO 1 MSFT 28May21 250 call (MSFT210528C250)
BTO 1 MSFT 20Aug21 250 call (MSFT210820C250)
STC 1 MSFT 20Aug21 265 call (MSFT210820C265) for a debit of $3.10 (selling a vertical roll) (100%)

BTC 1 MSFT 28May21 260 call (MSFT210528C260)
STO 1 MSFT 28May21 247.5 call (MSFT210528C247.5)
BTO 1 MSFT 20Aug21 245 call (MSFT210820C245)
STC 1 MSFT 20Aug21 260 call (MSFT210820C260) for a debit of $3.20 (selling a vertical roll) (100%)

BTC 1 MSFT 28May21 257.5 call (MSFT210528C257.5)
STO 1 MSFT 28May21 250 call (MSFT210528C250) for a credit of $1.70 (selling 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