December 18, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are closing put spreads to increase delta:
BTC 1 MSFT 19Dec25 455 put (MSFT251219P455)
STC 1 MSFT 16Jan26 455 put (MSFT260116P455) for a credit of $2.40
BTC 1 MSFT 19Dec25 460 put (MSFT251219P460)
STC 1 MSFT 16Jan26 460 put (MSFT260116P460) for a credit of $3.05
BTC 1 MSFT 19Dec25 465 put (MSFT251219P465)
STC 1 MSFT 16Jan26 490 put (MSFT260116P490) for a credit of $12.70
BTC 1 MSFT 19Dec25 470 put (MSFT251219P470)
STC 1 MSFT 16Jan26 480 put (MSFT260116P480) for a credit of $8.05
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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