July 13, 2023 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are rolling out two weeks into MSFT’s earnings week to collect more premium:
BTC 1 MSFT 14Jul23 330 put (MSFT230714P330)
STO 1 MSFT 28Jul23 340 put (MSFT230728P340) for a credit of $9.15 (selling a diagonal) (50%)
BTC 1 MSFT 14Jul23 330 put (MSFT230714P330)
STO 1 MSFT 28Jul23 335 put (MSFT230728P335) for a credit of $7.00 (selling a diagonal) (100%)
BTO 1 MSFT 15Sep23 340 put (MSFT230915P340)
STC 1 MSFT 15Sep23 325 put (MSFT230915P325) for a debit of $5.60 (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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