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

These trades lower delta, add theta and roll out one long call:


BTC 2 MSFT 17Sep21 310 calls (MSFT210917C310)
STC 2 MSFT 15Oct21 310 calls (MSFT211015C310) for a credit of $2.35 (selling a calendar) (100%)

BTC 1 MSFT 17Sep21 307.5 call (MSFT210917C307.5)
STO 1 MSFT 17Sep21 297.5 call (MSFT210917C297.5) for a credit of $3.05 (selling a vertical) (33%)

BTO 1 MSFT 19Nov21 295 call (MSFT211119C295)
STC 1 MSFT 15Oct21 305 call (MSFT211015C305) for a debit of $9.30 (buying a diagonal) (20%)


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

Happy trading.

Terry