August 5, 2025 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are rolling up short strike to increase delta and theta:
BTC 1 IWM 08Aug25 206 put (IWM250808P206)
STO 1 IWM 08Aug25 220 put (IWM250808P220) for a credit of $1.60 (buying a vertical)
BTC 1 IWM 08Aug25 208 put (IWM250808P208)
STO 1 IWM 08Aug25 220 put (IWM250808P220) for a credit of $1.55 (buying a vertical)
BTC 1 IWM 08Aug25 210 put (IWM250808P210)
STO 1 IWM 08Aug25 222 put (IWM250808P222) for a credit of $2.50 (buying a vertical)
BTC 1 IWM 08Aug25 217 call (IWM250808C217)
STO 1 IWM 08Aug25 221 call (IWM250808C221) for a debit of $2.70 (buying a vertical)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.
Happy trading.
Jon
Follow Terry's Tips on Twitter
Like Terry's Tips on Facebook
Watch Terry's Tips on YouTube