March 1, 2023 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are reducing delta and increasing theta:
BTC 1 MSFT 17Mar23 265 call (MSFT230317C265)
STO 1 MSFT 17Mar23 255 call (MSFT230317C255) for a credit of $2.20 (selling a vertical) (50%)
BTC 1 MSFT 17Mar23 275 call (MSFT230317C275)
STO 1 MSFT 17Mar23 250 call (MSFT230317C250) for a credit of $5.00 (selling a vertical) (100%)
BTO 1 MSFT 21Apr23 250 call (MSFT230421C250)
STC 1 MSFT 21Apr23 260 call (MSFT230421C260) for a debit of $4.40 (buying a vertical) (50%)
BTC 1 MSFT 17Mar23 260 put (MSFT230317P260)
STO 1 MSFT 17Mar23 235 put (MSFT230317P235) for a debit of $11.65 (buying a vertical) (100%)
BTO 1 MSFT 21Apr23 250 put (MSFT230421P250) STC 1 MSFT 21Apr23 270 put (MSFT230421P270) for a credit of $12.80 (selling 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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