October 26, 2022 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are selling spreads to reduce delta after MSFT’s earnings miss:
BTC 1 MSFT 28Oct22 260 call (MSFT221028C260)
STC 1 MSFT 16Dec22 260 call (MSFT221216C260) for a credit of $2.95 (selling a calendar) (100%)
BTC 1 MSFT 28Oct22 257.5 call (MSFT221028C257.5)
STC 1 MSFT 16Dec22 230 call (MSFT221216C230) for a credit of $14.85 (selling a diagonal) (100%)
BTC 1 MSFT 28Oct22 255 call (MSFT221028C255)
STC 1 MSFT 16Dec22 245 call (MSFT221216C245) for a credit of $7.40 (selling a diagonal) (100%)
BTC 1 MSFT 28Oct22 250 put (MSFT221028P250)
STC 1 MSFT 16Dec22 235 put (MSFT221216P235) for a debit of $3.60 (selling a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.
Happy trading.
Terry
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