May 15, 2024 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are closing put spreads to raise delta:
BTC 2 MSFT 17May24 395 put (MSFT240517P395)
STC 2 MSFT 21Jun24 395 put (MSFT240621P395) for a credit of $1.70 (selling a calendar) (100%)
BTC 1 MSFT 17May24 400 put (MSFT240517P400)
STC 1 MSFT 21Jun24 405 put (MSFT240621P405) for a credit of $3.30 (selling a diagonal) (100%)
BTC 1 MSFT 17May24 400 put (MSFT240517P400)
STC 1 MSFT 21Jun24 400 put (MSFT240621P400) 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.
Jon
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