September 8, 2021 Terry’s Tips Trade Alert #2 - Wiley Wolf Portfolio

We continue to lower delta:


BTC 1 MSFT 17Sep21 302.5 put (MSFT210917P302.5)
STO 1 MSFT 17Sep21 292.5 put (MSFT210917P292.5)
BTO 1 MSFT 15Oct21 295 put (MSFT211015P295)
STC 1 MSFT 15Oct21 305 put (MSFT211015P305) for a credit of $0.85 (buying a vertical roll) (100%)

BTC 1 MSFT 17Sep21 302.5 put (MSFT210917P302.5)
STO 1 MSFT 17Sep21 292.5 put (MSFT210917P292.5)
BTO 1 MSFT 15Oct21 290 put (MSFT211015P290)
STC 1 MSFT 15Oct21 300 put (MSFT211015P300) for a debit of $0.40 (buying a vertical roll) (100%)

BTC 1 MSFT 17Sep21 307.5 call (MSFT210917C307.5)
STO 1 MSFT 17Sep21 297.5 call (MSFT210917C297.5)
BTO 1 MSFT 15Oct21 295 call (MSFT211015C295)
STC 1 MSFT 15Oct21 305 call (MSFT211015C305) for a debit of $1.85 (selling a vertical roll) (50%)


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

Happy trading.

Terry