June 12, 2023 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are raising delta:
BTC 1 MSFT 16Jun23 322.5 call (MSFT230616C322.5)
STO 1 MSFT 16Jun23 335 call (MSFT230616C335) for a debit of $7.75 (buying a vertical) (100%)
BTC 1 MSFT 16Jun23 320 put (MSFT230616P320)
STO 1 MSFT 16Jun23 335 put (MSFT230616P335) for a credit of $5.00 (selling a vertical) (33%)
BTO 1 MSFT 21Jul23 335 put (MSFT230721P335)
STC 1 MSFT 21Jul23 320 put (MSFT230721P320) for a debit of $5.65 (buying a vertical) (33%)
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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