October 25, 2022 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio
We are raising delta prior to tonight’s earnings:
BTC 1 MSFT 28Oct22 242.5 call (MSFT221028C242.5)
STO 1 MSFT 28Oct22 260 call (MSFT221028C260) for a debit of $8.40 (buying a vertical) (100%)
BTO 1 MSFT 16Dec22 260 call (MSFT221216C260)
STC 1 MSFT 16Dec22 245 call (MSFT221216C245) for a credit of $7.55 (selling a vertical) (33%)
BTC 1 MSFT 28Oct22 227.5 put (MSFT221028P227.5)
STO 1 MSFT 28Oct22 250 put (MSFT221028P250) for a credit of $5.40 (selling a vertical) (100%)
BTO 1 MSFT 16Dec22 250 put (MSFT221216P250)
STC 1 MSFT 16Dec22 230 put (MSFT221216P230) for a debit of $7.15 (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.
Terry
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