October 11, 2022 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are selling spreads to lower delta:
BTC 1 MSFT 21Oct22 250 call (MSFT221021C250)
STC 1 MSFT 18Nov22 250 call (MSFT221118C250) for a credit of $2.70 (selling a calendar) (100%)
BTC 1 MSFT 21Oct22 240 put (MSFT221021P240)
STC 1 MSFT 18Nov22 230 put (MSFT221118P230) for a debit of $1.55 (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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