January 25, 2023 Terry’s Tips Trade Alert #2 – Wiley Wolf Portfolio
With MSFT cutting losses by more than half, we are lowering long strikes to increase delta:
BTO 1 MSFT 17Mar23 235 call (MSFT230317C235)
STC 1 MSFT 17Mar23 255 call (MSFT230317C255) for a debit of $8.70 (buy a vertical) (100%)
BTO 1 MSFT 17Mar23 225 put (MSFT230317P225)
STC 1 MSFT 17Mar23 240 put (MSFT230317P240) for a credit of $5.20 (sell a vertical) (50%)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.
Happy trading.
Jon
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