April 27, 2023 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
With MSFT up another 2% today, we are closing spreads to raise delta:
BTC 1 MSFT 28Apr23 280 put (MSFT230428P280)
STC 1 MSFT 16Jun23 280 put (MSFT230616P280) for a credit of $3.60 (selling a calendar) (100%)
BTC 1 MSFT 28Apr23 285 put (MSFT230428P285)
STC 1 MSFT 16Jun23 280 put (MSFT230616P280) for a credit of $3.60 (selling a diagonal) (100%)
BTC 1 MSFT 28Apr23 287.5 call (MSFT230428C287.5)
STC 1 MSFT 16Jun23 295 call (MSFT230616C295) for a credit of $1.15 (selling a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.
Happy trading.
Jon
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