July 26, 2023 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are lowering delta and increasing theta:
BTC 1 MSFT 28Jul23 370 call (MSFT230728C370)
STC 1 MSFT 15Sep23 370 call (MSFT230915C370) for a credit of $3.10 (selling a calendar) (100%)
BTC 1 MSFT 28Jul23 365 call (MSFT230728C365)
STC 1 MSFT 15Sep23 365 call (MSFT230915C365) for a credit of $3.90 (selling a calendar) (100%)
BTC 1 MSFT 28Jul23 355 put (MSFT230728P355)
STO 1 MSFT 28Jul23 340 put (MSFT230728P340) for a debit of $11.45 (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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