September 15, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:


BTC 2 MSFT 17Sep21 297.5 calls (MSFT210917C297.5)
STO 2 MSFT 17Sep21 307.5 calls (MSFT210917C307.5)
BTO 2 MSFT 15Oct21 305 calls (MSFT211015C305)
STC 2 MSFT 15Oct21 295 calls (MSFT211015C295) for a credit of $0.60 (selling a vertical roll) (100%)

BTC 1 MSFT 17Sep21 292.5 put (MSFT210917P292.5)
STO 1 MSFT 17Sep21 302.5 put (MSFT210917P302.5)
BTO 1 MSFT 15Oct21 300 put (MSFT211015P300)
STC 1 MSFT 15Oct21 290 put (MSFT211015P290) for a debit of $1.20 (buying a vertical roll) (100%)

BTC 2 MSFT 17Sep21 292.5 puts (MSFT210917P292.5)
STO 2 MSFT 17Sep21 302.5 puts (MSFT210917P302.5)
BTO 2 MSFT 15Oct21 305 puts (MSFT211015P305)
STC 2 MSFT 15Oct21 295 puts (MSFT211015P295) for a debit of $2.30 (buying a vertical roll) (66%)


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

Happy trading.

Terry