June 18, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are closing OTM spreads with negative theta:
BTC 1 MSFT 20Jun25 472.5 put (MSFT250620P472.5)
STC 1 MSFT 18Jul25 475 put (MSFT250718P475) for a credit of $6.30 (selling a diagonal)
BTC 1 MSFT 20Jun25 485 call (MSFT250620C485)
STC 1 MSFT 18Jul25 485 call (MSFT250718C485) for a credit of $7.25 (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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