June 15, 2023 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio
We continue trimming spreads and raising delta:
BTC 3 MSFT 16Jun23 330 put (MSFT230616P330)
STC 3 MSFT 21Jul23 330 put (MSFT230721P330) for a credit of $3.35 (selling a calendar) (100%)
BTC 1 MSFT 16Jun23 337.5 call (MSFT230616C337.5)
STO 1 MSFT 16Jun23 347.5 call (MSFT230616C347.5) for a debit of $6.95 (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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