July 10, 2023 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are reducing delta:
BTC 1 MSFT 14Jul23 355 call (MSFT230714C355)
STO 1 MSFT 14Jul23 335 call (MSFT230714C335)
BTO 1 MSFT 15Sep23 335 call (MSFT230915C335)
STC 1 MSFT 15Sep23 355 call (MSFT230915C355) for a debit of $5.60 (selling a vertical roll)
BTC 1 MSFT 14Jul23 340 put (MSFT230714P340)
STO 1 MSFT 14Jul23 325 put (MSFT230714P325) for a debit of $8.80 (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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