July 31, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are closing all put spreads to raise delta:
BTC 1 MSFT 01Aug25 480 put (MSFT250801P480)
STC 1 MSFT 19Sep25 480 put (MSFT250919P480) for a credit of $1.55 (selling a calendar)
BTC 1 MSFT 01Aug25 490 put (MSFT250801P490)
STC 1 MSFT 19Sep25 495 put (MSFT250919P495) for a credit of $2.60 (selling a diagonal)
BTC 1 MSFT 01Aug25 500 put (MSFT250801P500)
STC 1 MSFT 19Sep25 500 put (MSFT250919P500) for a credit of $3.10 (selling a calendar)
BTC 1 MSFT 01Aug25 510 put (MSFT250801P510)
STC 1 MSFT 19Sep25 510 put (MSFT250919P510) for a credit of $4.40 (selling a calendar)
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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