May 24, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta. We will raise delta by raising put strikes and rolling out short puts four weeks:

BTC 1 MSFT 28May21 235 put (MSFT210528P235)
STO 1 MSFT 25Jun21 247.5 put (MSFT210625P247.5) for a credit of $4.55 (selling a diagonal) (100%)

BTO 1 MSFT 20Aug21 250 put (MSFT210820P250)
STC 1 MSFT 20Aug21 235 put (MSFT210820P235) for a debit of $5.30 (buying a vertical) (50%)

BTC 1 MSFT 28May21 237.5 put (MSFT210528P237.5)
STO 1 MSFT 25Jun21 250 put (MSFT210625P250) for a credit of $5.55 (selling a diagonal) (100%)

BTO 1 MSFT 20Aug21 255 put (MSFT210820P255)
STC 1 MSFT 20Aug21 235 put (MSFT210820P235) for a debit of $7.80 (buying a vertical) (100%)

BTC 1 MSFT 28May21 240 put (MSFT210528P240)
STO 1 MSFT 28May21 247.5 put (MSFT210528P247.5) for a credit of $0.80 (selling a vertical) (50%)


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

Happy trading.

Terry