September 15, 2022 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are lowering delta:
BTC 1 MSFT 16Sep22 260 call (MSFT220916C260)
STO 1 MSFT 21Oct22 250 call (MSFT221021C250) for a credit of $8.60 (selling a diagonal) (100%)
BTC 1 MSFT 16Sep22 255 put (MSFT220916P255)
STO 1 MSFT 21Oct22 245 put (MSFT221021P245) for a credit of $0.40 (selling a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.