September 27, 2021 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We are rolling strikes down to lower delta:

BTC 1 MSFT 08Oct21 310 call (MSFT211008C310)
STO 1 MSFT 08Oct21 295 call (MSFT211008C295)
BTO 1 MSFT 19Nov21 295 call (MSFT211119C295)
STC 1 MSFT 19Nov21 310 call (MSFT211119C310) for a debit of $2.85 (selling a vertical roll) (100%)

BTC 1 MSFT 08Oct21 305 call (MSFT211008C305)
STO 1 MSFT 08Oct21 295 call (MSFT211008C295)
BTO 1 MSFT 19Nov21 295 call (MSFT211119C295)
STC 1 MSFT 19Nov21 310 call (MSFT211119C310) for a debit of $3.20 (selling a vertical roll) (33%)

BTC 1 MSFT 08Oct21 305 call (MSFT211008C305)
STO 1 MSFT 08Oct21 297.5 call (MSFT211008C297.5) for a credit of $1.70 (selling a vertical) (33%)

BTC 1 MSFT 08Oct21 305 call (MSFT211008C305)
STO 1 MSFT 08Oct21 297.5 call (MSFT211008C297.5)
BTO 1 MSFT 19Nov21 300 call (MSFT211119C300)
STC 1 MSFT 19Nov21 310 call (MSFT211119C310) for a debit of $1.85 (selling a vertical roll) (50%)

BTC 2 MSFT 08Oct21 300 puts (MSFT211008P300)
STO 2 MSFT 08Oct21 287.5 puts (MSFT211008P287.5)
BTO 2 MSFT 19Nov21 285 puts (MSFT211119P285)
STC 2 MSFT 19Nov21 300 puts (MSFT211119P300) for a credit of $0.85 (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