May 19, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We are reducing delta:

BTC 1 MSFT 28May21 247.5 put (MSFT210528P247.5)
STO 1 MSFT 28May21 242.5 put (MSFT210528P242.5) for a debit of $3.05 (buying a vertical) (100%)

BTC 1 MSFT 28May21 245 put (MSFT210528P245)
STO 1 MSFT 28May21 235 put (MSFT210528P235) for a debit of $4.05 (buying a vertical) (50%)

BTO 1 MSFT 20Aug21 235 put (MSFT210820P235)
STC 1 MSFT 20Aug21 250 put (MSFT210820P250) for a credit of $7.20 (selling a vertical) (100%)

BTC 1 MSFT 28May21 255 call (MSFT210528C255)
STO 1 MSFT 28May21 245 call (MSFT210528C245) for a credit of $1.90 (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