June 17, 2024 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are closing put spreads to raise delta:
BTC 1 MSFT 21Jun24 422.5 put (MSFT240621P422.5)
STC 1 MSFT 19Jul24 420 put (MSFT240719P420) for a credit of $1.85 (selling a diagonal) (100%)
BTC 1 MSFT 21Jun24 422.5 put (MSFT240621P422.5)
STC 1 MSFT 19Jul24 425 put (MSFT240719P425) for a credit of $2.60 (selling a diagonal) (100%)
BTC 2 MSFT 21Jun24 425 put (MSFT240621P425)
STC 2 MSFT 19Jul24 425 put (MSFT240719P425) for a credit of $2.60 (selling a calendar) (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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