October 31, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are closing spreads with low thetas:
BTC 1 MSFT 31Oct25 540 call (MSFT251031C540)
STC 1 MSFT 21Nov25 545 call (MSFT251121C545) for a credit of $3.45 (selling a diagonal)
BTC 1 MSFT 31Oct25 535 call (MSFT251031C535)
STC 1 MSFT 21Nov25 540 call (MSFT251121C540) for a credit of $4.45 (selling a diagonal)
BTC 1 MSFT 31Oct25 495 put (MSFT251031P495)
STC 1 MSFT 21Nov25 495 put (MSFT251121P495) for a credit of $3.70 (selling a calendar)
BTC 1 MSFT 31Oct25 500 put (MSFT251031P500)
STC 1 MSFT 21Nov25 500 put (MSFT251121P500) for a credit of $4.90 (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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