May 27, 2025 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We begin rolling out puts to raise delta:
BTC 1 IWM 30May25 192 put (IWM250530P192)
STO 1 IWM 27Jun25 205 put (IWM250627P205) for a credit of $4.20 (selling a diagonal)
BTC 1 IWM 30May25 194 put (IWM250530P194)
STO 1 IWM 27Jun25 208 put (IWM250627P208) for a credit of $5.40 (selling a diagonal)
BTC 1 IWM 30May25 197 put (IWM250530P197)
STO 1 IWM 27Jun25 202 put (IWM250627P202) for a credit of $3.15 (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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