August 18, 2023 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are closing spreads to lower delta:
BTC 1 MSFT 18Aug23 325 call (MSFT230818C325)
STC 1 MSFT 15Sep23 325 call (MSFT230915C325) for a credit of $4.80 (selling a calendar) (100%)
BTC 4 MSFT 18Aug23 322.5 put (MSFT230818P322.5)
STC 4 MSFT 15Sep23 320 put (MSFT230915P320) for a credit of $2.75 (selling a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.