October 20, 2022 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We will begin rolling out to raise delta:
BTC 1 MSFT 21Oct22 227.5 put (MSFT221021P227.5)
STO 1 MSFT 28Oct22 237.5 put (MSFT221028P237.5) for a credit of $5.30 (selling a diagonal) (100%)
BTO 1 MSFT 16Dec22 240 put (MSFT221216P240)
STC 1 MSFT 16Dec22 220 put (MSFT221216P220) for a debit of $6.85 (buying a vertical) (100%)
BTC 1 MSFT 21Oct22 230 put (MSFT221021P230)
STO 1 MSFT 28Oct22 232.5 put (MSFT221028P232.5) for a credit of $3.50 (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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