June 15, 2023 Terry’s Tips Trade Alert – Wiley Wolf  Portfolio

June 15, 2023 Terry’s Tips Trade Alert – Wiley Wolf  Portfolio

We are trimming spreads and raising delta:  


BTC 2 MSFT 16Jun23 325 put (MSFT230616P325)
STC 2 MSFT 21Jul23 325 put (MSFT230721P325) for a credit of $2.90 (selling a calendar) (100%) 

BTC 2 MSFT 16Jun23 335 call (MSFT230616C335)
STO 2 MSFT 16Jun23 342.5 call (MSFT230616C342.5) for a debit of $5.80 (buying a vertical) (66%)

BTO 2 MSFT 18Aug23 340 call (MSFT230818C340)
STC 2 MSFT 21Jul23 325 call (MSFT230721C325) for a credit of $5.25 (buying a diagonal) (100%) 

BTC 1 MSFT 16Jun23 335 call (MSFT230616C335)
STO 1 MSFT 16Jun23 345 call (MSFT230616C345) for a debit of $7.50 (buying 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