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October 31, 2024 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

October 31, 2024 Terry’s Tips Trade Alert – Wiley Wolf Portfolio


With MSFT down sharply, we are closing higher-strike spreads to lower delta:  


BTC 2 MSFT 01Nov24 460 call (MSFT241101C460)
STC 2 MSFT 29Nov24 460 call (MSFT241129C460) for a credit of $0.65 (buying a calendar)  

BTC 2 MSFT 01Nov24 455 call (MSFT241101C455)
STC 2 MSFT 29Nov24 455 call (MSFT241129C455) for a credit of $0.90 (buying a calendar)  

BTC 2 MSFT 01Nov24 450 call (MSFT241101C450)
STC 2 MSFT 29Nov24 450 call (MSFT241129C450) for a credit of $1.30 (buying a calendar)  

BTC 2 MSFT 01Nov24 445 call (MSFT241101C445)
STC 2 MSFT 29Nov24 445 call (MSFT241129C445) for a credit of $1.75 (buying a calendar)  

BTC 1 MSFT 01Nov24 445 put (MSFT241101P445)
STC 1 MSFT 29Nov24 445 put (MSFT241129P445) for a credit of $1.35 (buying a calendar)  

BTC 2 MSFT 01Nov24 440 call (MSFT241101C440)
STC 2 MSFT 29Nov24 440 call (MSFT241129C440) for a credit of $2.45 (buying a calendar)  

BTC 2 MSFT 01Nov24 440 put (MSFT241101P440)
STC 2 MSFT 29Nov24 440 put (MSFT241129P440) for a credit of $1.50 (buying a calendar)  


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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