August 2, 2023 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are reducing delta:
BTO 2 MSFT 15Sep23 320 put (MSFT230915P320)
STO 2 MSFT 18Aug23 317.5 put (MSFT230818P317.5) for a debit of $4.35 (buying a diagonal)
BTC 1 MSFT 18Aug23 355 call (MSFT230818C355)
STO 1 MSFT 18Aug23 330 call (MSFT230818C330) for a credit of $5.45 (selling a vertical) (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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