July 9, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are raising strikes to increase delta:
BTC 1 MSFT 18Jul25 475 put (MSFT250718P475)
STO 1 MSFT 18Jul25 495 put (MSFT250718P495)
BTO 1 MSFT 19Sep25 495 put (MSFT250919P495)
STC 1 MSFT 19Sep25 475 put (MSFT250919P475) for a debit of $4.30 (selling a vertical roll)
BTC 1 MSFT 18Jul25 495 call (MSFT250718C495)
STO 1 MSFT 18Jul25 515 call (MSFT250718C515)
BTO 1 MSFT 19Sep25 515 call (MSFT250919C515)
STC 1 MSFT 19Sep25 495 call (MSFT250919C495) for a credit of $0.50 (selling a vertical roll)
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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