November 8, 2022 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are raising delta:
BTO 1 MSFT 20Jan23 220 put (MSFT230120P220)
STC 1 MSFT 16Dec22 240 put (MSFT221216P240) for a credit of $6.30 (buying a diagonal) (100%)
BTO 1 MSFT 20Jan23 225 call (MSFT230120C225)
STO 1 MSFT 18Nov22 232.5 call (MSFT221118C232.5) for a debit of $12.60 (buying a diagonal)
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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