April 30 2024 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are adding spreads and lowering delta:
BTO 1 MSFT 21Jun24 390 put (MSFT240621P390)
STO 1 MSFT 17May24 385 put (MSFT240517P385) for a debit of $5.90 (buying a diagonal)
BTO 1 MSFT 21Jun24 385 put (MSFT240621P385)
STO 1 MSFT 17May24 380 put (MSFT240517P380) for a debit of $5.20 (buying a diagonal)
BTC 1 MSFT 17May24 425 call (MSFT240517C425)
STO 1 MSFT 17May24 405 call (MSFT240517C405)
BTO 1 MSFT 21Jun24 405 call (MSFT240621C405)
STC 1 MSFT 21Jun24 425 call (MSFT240621C425) for a debit of $2.55 (selling a vertical roll) (100%)
BTC 1 MSFT 17May24 415 call (MSFT240517C415)
STO 1 MSFT 17May24 400 call (MSFT240517C400)
BTO 1 MSFT 21Jun24 400 call (MSFT240621C400)
STC 1 MSFT 21Jun24 415 call (MSFT240621C415) for a debit of $1.45 (selling a vertical roll) (100%)
BTC 1 MSFT 17May24 405 put (MSFT240517P405)
STO 1 MSFT 17May24 395 put (MSFT240517P395) for a debit of $5.50 (buying 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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