April 26, 2023 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
With MSFT up 7% in the early going, we are raising delta:
BTC 1 MSFT 28Apr23 267.5 put (MSFT230428P267.5)
STC 1 MSFT 16Jun23 285 put (MSFT230616P285) for a credit of $6.50 (selling a diagonal) (100%)
BTC 1 MSFT 28Apr23 270 put (MSFT230428P270)
STC 1 MSFT 16Jun23 285 put (MSFT230616P285) for a credit of $6.50 (selling a diagonal) (100%)
BTC 1 MSFT 28Apr23 275 call (MSFT230428C275)
STC 1 MSFT 16Jun23 290 call (MSFT230616C290) for a debit of $5.70 (selling a diagonal) (100%)
BTC 1 MSFT 28Apr23 272.5 put (MSFT230428P272.5)
STO 1 MSFT 28Apr23 290 put (MSFT230428P290) for a credit of $1.20 (selling a vertical) (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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