January 5, 2023 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are reducing delta:
BTC 1 MSFT 20Jan23 260 call (MSFT230120C260)
STC 1 MSFT 17Mar23 260 call (MSFT230317C260) for a credit of $2.40 (sell a calendar) (100%)
BTC 1 MSFT 20Jan23 255 call (MSFT230120C255)
STC 1 MSFT 17Mar23 255 call (MSFT230317C255) for a credit of $3.25 (sell a calendar) (100%)
BTC 1 MSFT 20Jan23 250 call (MSFT230120C250)
STO 1 MSFT 20Jan23 232.5 call (MSFT230120C232.5) for a credit of $2.80 (sell a vertical) (100%)
BTO 1 MSFT 17Mar23 230 call (MSFT230317C230)
STC 1 MSFT 17Mar23 250 call (MSFT230317C250) for a debit of $7.30 (buy a vertical) (100%)
BTC 1 MSFT 20Jan23 240 put (MSFT230120P240)
STC 1 MSFT 17Mar23 220 put (MSFT230317P220) for a debit of $5.20 (sell a diagonal) (100%)
BTC 1 MSFT 20Jan23 235 put (MSFT230120P235)
STC 1 MSFT 17Mar23 225 put (MSFT230317P225) for a credit of $0.90 (sell a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.
Happy trading.
Terry
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