October 16, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

October 16, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio


We are rolling down call spreads to reduce delta and increase theta:


BTC 1 MSFT 17Oct25 535 call (MSFT251017C535)
STC 1 MSFT 21Nov25 535 call (MSFT251121C535) for a credit of $10.00 (selling a calendar) 

BTC 1 MSFT 17Oct25 530 call (MSFT251017C530)
STC 1 MSFT 21Nov25 530 call (MSFT251121C530) for a credit of $11.80 (selling a calendar) 

BTO 1 MSFT 21Nov25 515 call (MSFT251121C515)
STO 1 MSFT 17Oct25 515 call (MSFT251017C515) for a debit of $16.15 (buying a calendar) 

BTO 1 MSFT 21Nov25 510 call (MSFT251121C510)
STO 1 MSFT 17Oct25 510 call (MSFT251017C510) for a debit of $15.95 (buying a calendar) 


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Jon