May 7, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We are adding a spread and raising a put strike:

BTO 1 MSFT 20Aug21 245 put (MSFT210820P245)
STO 1 MSFT 28May21 252.5 put (MSFT210528P252.5) for a debit of $4.65 (buying a diagonal)

BTC 1 MSFT 28May21 242.5 put (MSFT210528P242.5)
STO 1 MSFT 28May21 247.5 put (MSFT210528P247.5) for a credit of $1.05 (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