May 30, 2024 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are adding spreads to reduce delta:
BTO 1 MSFT 19Jul24 410 put (MSFT240719P410)
STO 1 MSFT 21Jun24 405 put (MSFT240621P405) for a debit of $4.35 (buying a diagonal)
BTO 1 MSFT 19Jul24 435 call (MSFT240719C435)
STO 1 MSFT 21Jun24 425 call (MSFT240621C425) for a debit of $0.80 (buying a diagonal)
BTC 1 MSFT 21Jun24 435 put (MSFT240621P435)
STO 1 MSFT 21Jun24 422.5 put (MSFT240621P422.5) for a debit of $8.60 (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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