August 15, 2022 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio
We are closing spreads to raise delta:
BTC 1 MSFT 19Aug22 282.5 call (MSFT220819C282.5)
STC 1 MSFT 16Sep22 290 call (MSFT220916C290) for a debit of $1.35 (selling a diagonal) (100%)
BTC 1 MSFT 19Aug22 270 put (MSFT220819P270)
STC 1 MSFT 16Sep22 270 put (MSFT220916P270) for a credit of $1.75 (selling a calendar) (100%)
BTC 1 MSFT 19Aug22 275 put (MSFT220819P275)
STC 1 MSFT 16Sep22 275 put (MSFT220916P275) for a credit of $2.35 (selling a calendar) (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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