September 13, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We need to lower delta:


BTC 1 MSFT 17Sep21 307.5 call (MSFT210917C307.5)
STC 1 MSFT 15Oct21 305 call (MSFT211015C305) for a credit of $2.65 (selling a diagonal) (100%)

BTC 2 MSFT 17Sep21 305 calls (MSFT210917C305)
STC 2 MSFT 15Oct21 305 calls (MSFT211015C305) for a credit of $2.55 (selling a calendar) (100%)

BTO 1 MSFT 19Nov21 290 call (MSFT211119C290)
STC 1 MSFT 19Nov21 315 call (MSFT211119C315) for a debit of $10.50 (buying a vertical) (100%)

BTC 2 MSFT 17Sep21 305 calls (MSFT210917C305)
STO 2 MSFT 17Sep21 295 calls (MSFT210917C295) for a credit of $2.25 (selling a vertical) (66%)

BTC 1 MSFT 17Sep21 300 put (MSFT210917P300)
STO 1 MSFT 17Sep21 290 put (MSFT210917P290)
BTO 1 MSFT 15Oct21 290 put (MSFT211015P290)
STC 1 MSFT 15Oct21 300 put (MSFT211015P300) for a debit of $0.25 (buying a vertical roll) (100%)


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

Happy trading.

Terry