December 17, 2024 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are closing spreads and raising a call strike to raise delta:
BTC 2 MSFT 20Dec24 435 put (MSFT241220P435)
STC 2 MSFT 17Jan25 435 put (MSFT250117P435) for a credit of $2.85 (selling a calendar) (100%)
BTC 1 MSFT 20Dec24 445 call (MSFT241220C445)
STO 1 MSFT 20Dec24 460 call (MSFT241220C460) for a debit of $8.25 (buying 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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