April 24, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are opening a call spread and raising put strikes to increase delta:
BTO 1 MSFT 20Jun25 400 call (MSFT250620C400)
STO 1 MSFT 02May25 400 call (MSFT250502C400) for a debit of $6.50 (buying a calendar)
BTC 1 MSFT 02May25 335 put (MSFT250502P335)
STC 1 MSFT 20Jun25 335 put (MSFT250620P335) for a credit of $3.35 (selling a calendar)
BTO 1 MSFT 20Jun25 365 put (MSFT250620P365)
STO 1 MSFT 02May25 385 put (MSFT250502P385) for a credit of $1.35 (buying a diagonal)
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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