November 15, 2022 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
With MSFT going ex-dividend tomorrow, we are rolling out the lowest-strike call to avoid potential assignment. This will also raise delta:
BTC 1 MSFT 18Nov22 240 call (MSFT221118C240)
STO 1 MSFT 16Dec22 250 call (MSFT221216C250) for a credit of $0.30 (selling a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.
Happy trading.
Terry
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