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

We are raising delta by selling spreads and rolling the shorts out two weeks. We’ll start on the put side:


BTC 3 MSFT 08Oct21 280 puts (MSFT211008P280)
STC 3 MSFT 19Nov21 280 puts (MSFT211119P280) for a credit of $4.35 (selling a calendar) (100%)

BTC 1 MSFT 08Oct21 282.5 put (MSFT211008P282.5)
STC 1 MSFT 19Nov21 280 put (MSFT211119P280) for a credit of $4.35 (selling a diagonal) (100%)

BTC 2 MSFT 08Oct21 282.5 puts (MSFT211008P282.5)
STC 2 MSFT 19Nov21 285 puts (MSFT211119P285) for a credit of $5.55 (selling a diagonal) (100%)

BTC 1 MSFT 08Oct21 285 put (MSFT211008P285)
STO 1 MSFT 22Oct21 290 put (MSFT211022P290) for a credit of $2.80 (selling a diagonal) (50%)

BTC 1 MSFT 08Oct21 285 put (MSFT211008P285)
STO 1 MSFT 22Oct21 292.5 put (MSFT211022P292.5) for a credit of $3.45 (selling a diagonal) (100%)

BTO 2 MSFT 17Dec21 295 puts (MSFT211217P295)
STC 2 MSFT 19Nov21 285 puts (MSFT211119P285) for a debit of $6.20 (buying a diagonal) (50%)


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

Happy trading.

Terry