September 12, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are rolling up put strikes and closing a put spread to raise delta:
BTC 2 MSFT 19Sep25 475 put (MSFT250919P475)
STC 2 MSFT 17Oct25 475 put (MSFT251017P475) for a credit of $2.55 (selling a diagonal)
BTO 2 MSFT 17Oct25 510 put (MSFT251017P500)
STO 2 MSFT 19Sep25 510 put (MSFT250919P500) for a debit of $5.70 (buying a diagonal)
BTC 1 MSFT 19Sep25 485 put (MSFT250919P485)
STC 1 MSFT 17Oct25 485 put (MSFT251017P485) for a credit of $3.75 (selling a diagonal)
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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