April 25, 2023 Terry’s Tips Trade Alert – Wiley Wolf  Portfolio

April 25, 2023 Terry’s Tips Trade Alert – Wiley Wolf  Portfolio

We are reducing delta to near neutral:  


BTC 1 MSFT 28Apr23 287.5 call (MSFT230428C287.5)
STO 1 MSFT 28Apr23 275 call (MSFT230428C275) for a credit of $4.80 (selling a vertical) (50%) 

BTO 1 MSFT 16Jun23 275 call (MSFT230616C275)
STC 1 MSFT 16Jun23 285 call (MSFT230616C285) for a debit of $5.05 (buying a vertical) (50%) 

BTC 1 MSFT 28Apr23 285 put (MSFT230428P285)
STO 1 MSFT 28Apr23 270 put (MSFT230428P270) for a debit of $7.75 (buying a vertical) (50%) 


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

Happy trading.

Jon