November 19, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are rolling out call spreads, rolling down a short put and rolling out a long put to increase theta:
BTC 1 MSFT 21Nov25 507.5 put (MSFT251121P507.5)
STO 1 MSFT 21Nov25 482.5 put (MSFT251121P482.5) for a debit of $17.10
BTO 1 MSFT 16Jan26 475 put (MSFT260116P475)
STC 1 MSFT 19Dec25 515 put (MSFT251219P515) for a credit of $18.20
BTC 1 MSFT 21Nov25 515 call (MSFT251121C515)
STC 1 MSFT 19Dec25 515 call (MSFT251219C515) for a credit of $4.80
BTC 1 MSFT 21Nov25 510 call (MSFT251121C510)
STC 1 MSFT 19Dec25 510 call (MSFT251219C510) for a credit of $5.85
BTO 1 MSFT 16Jan26 495 call (MSFT260116C495)
STO 1 MSFT 19Dec25 495 call (MSFT251219C495) for a debit of $5.90
BTO 1 MSFT 16Jan26 505 call (MSFT260116C505)
STO 1 MSFT 19Dec25 505 call (MSFT251219C505) for a debit of $5.40
BTO 1 MSFT 16Jan26 515 call (MSFT260116C515)
STO 1 MSFT 19Dec25 515 call (MSFT251219C515) for a debit of $4.70
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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