Author Archives: Jon Lewis

May 26, 2023  Terry’s Tips Trade Alert – Honey  Badger Portfolio

May 26, 2023  Terry’s Tips Trade Alert – Honey  Badger  Portfolio
 
We continue rolling out to raise delta:   


BTC 1 QQQ 26May23 332 call (QQQ230526C332)
STO 1 QQQ 09Jun23 347 call (QQQ230609C347) for a debit of $9.35 (selling a diagonal) (100%) 

BTC 1 QQQ 26May23 335 call (QQQ230526C335)
STO 1 QQQ 09Jun23 350 call (QQQ230609C350) for a debit of $7.85 (selling a diagonal) (100%) 


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

Happy trading.

Jon

Making 36%

Making 36% – A Duffer's Guide to Breaking Par in the Market Every Year in Good Years and Bad

This book may not improve your golf game, but it might change your financial situation so that you will have more time for the greens and fairways (and sometimes the woods).

Learn why Dr. Allen believes that the 10K Strategy is less risky than owning stocks or mutual funds, and why it is especially appropriate for your IRA.

Order Now

Success Stories

I have been trading the equity markets with many different strategies for over 40 years. Terry Allen's strategies have been the most consistent money makers for me. I used them during the 2008 melt-down, to earn over 50% annualized return, while all my neighbors were crying about their losses.

~ John Collins

May 25, 2023  Terry’s Tips Trade Alert #2 – Honey  Badger Portfolio

May 25, 2023  Terry’s Tips Trade Alert #2 – Honey  Badger  Portfolio
 
We continue rolling out to raise delta:   


BTC 1 QQQ 26May23 331 put (QQQ230526P331)
STO 1 QQQ 09Jun23 339 put (QQQ230609P339) for a credit of $5.00 (selling a diagonal) (100%) 

BTO 1 QQQ 21Jul23 340 put (QQQ230721P340)
STC 1 QQQ 21Jul23 325 put (QQQ230721P325) for a debit of $4.55 (buying a vertical) (100%)

BTC 1 QQQ 26May23 329 call (QQQ230526C329)
STO 1 QQQ 09Jun23 341 call (QQQ230609C341) for a debit of $5.50 (selling a diagonal) (100%) 

BTC 1 QQQ 26May23 332 call (QQQ230526C332)
STO 1 QQQ 09Jun23 344 call (QQQ230609C344) for a debit of $4.05 (selling a diagonal) (50%) 


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

Happy trading.

Jon

Making 36%

Making 36% – A Duffer's Guide to Breaking Par in the Market Every Year in Good Years and Bad

This book may not improve your golf game, but it might change your financial situation so that you will have more time for the greens and fairways (and sometimes the woods).

Learn why Dr. Allen believes that the 10K Strategy is less risky than owning stocks or mutual funds, and why it is especially appropriate for your IRA.

Order Now

Success Stories

I have been trading the equity markets with many different strategies for over 40 years. Terry Allen's strategies have been the most consistent money makers for me. I used them during the 2008 melt-down, to earn over 50% annualized return, while all my neighbors were crying about their losses.

~ John Collins

May 23, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

May 23, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge  Portfolio

We are lowering delta


BTC 2
IWM 02Jun23 179 put (IWM230602P179)
STO 2 IWM 02Jun23 171 put (IWM230602P171) for a debit of $3.45 (buying a vertical) (100%)  

BTC 2 IWM 02Jun23 184 call (IWM230602C184)
STC 2 IWM 21Jul23 175 call (IWM230721C175) for a credit of $6.50 (selling a diagonal) (100%)


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

Happy trading.

Jon

Making 36%

Making 36% – A Duffer's Guide to Breaking Par in the Market Every Year in Good Years and Bad

This book may not improve your golf game, but it might change your financial situation so that you will have more time for the greens and fairways (and sometimes the woods).

Learn why Dr. Allen believes that the 10K Strategy is less risky than owning stocks or mutual funds, and why it is especially appropriate for your IRA.

Order Now

Success Stories

I have been trading the equity markets with many different strategies for over 40 years. Terry Allen's strategies have been the most consistent money makers for me. I used them during the 2008 melt-down, to earn over 50% annualized return, while all my neighbors were crying about their losses.

~ John Collins

Option Trade of the Week – Chip Off the Old Blox

May 22, 2023

Dear [[firstname]],

I didn’t send a newsletter for the past couple of weeks because I didn’t like how the trades were setting up early in the week. One moved against us, so it didn’t look as attractive. The other moved in our direction, so there wasn’t enough credit available for a viable trade.

It’s not right to send a newsletter for the mere sake of sending a newsletter. If the trade is good, I’ll give it to you. If not, I’ll hold off. And you’ll just have to go without our incredible offers for a week or two!

With that said, here is your Option Trade of the Week, as included in this past weekend’s Saturday Report for our Terry’s Tips Insider Members. This is a post-earnings bullish trade on a gaming company that looks better today than it did over the weekend. In fact, you should be able to get an extra 10% in credit. Good luck with the trade!   

But first, our Honey Badger portfolio is on a huge roll. I know I keep saying that every week, but it’s now up a mammoth 45% for 2023. Of course, don’t forget that our portfolios beat their underlying stock performance by an average of 22% in 2022.  

Don’t miss out on the profits. For our loyal (thanks for that, by the way) newsletter subscribers, I’m keeping the sale going that saves you more than 50% on a monthly subscription to Terry’s Tips.

You’ll get …

  • A month of all trade alerts in our four portfolios, giving detailed instructions for entering and exiting positions.
  • Four to five (depending on the month) weekly issues of our Saturday Report, which shows all the trades and positions for our four portfolios, a discussion of the week’s trading activity and early access to our Option Trade of the Week.
  • Instructions on how to execute the 10K Strategy on your own.
  • A 14-day options tutorial on the opportunities and risks of trading options.
  • Our updated 10K Strategy white paper, a thorough discussion of the strategy basics and tactics.
  • Full-member access to all our premium special reports that can make you a wiser and more profitable options trader. 

To become a Terry’s Tips Insider Member, just Click Here, select Sign Up Now and use Coupon Code D21M to start a monthly subscription to Terry’s Tips for half off. You can cancel after a month but, of course, still keep all the valuable reports.

We look forward to having you join us! Now on to the trade …

Chip off the Old BLOX

Looking back on recent trades in this space, we’re a little heavy on the bearish side of the ledger. Without forecasting where the market is headed (I don’t do forecasts), I feel that we need a put spread to inject some bullishness.  One name that recently popped up is Roblox (RBLX), an online entertainment platform provider.

RBLX reported earnings last week that were mixed. The company suffered a wider loss than a year earlier, which came in lower than analysts were expecting. But revenue came in higher than estimates. One important metric for RBLX is bookings, which grew 22% for the quarter and beat the analyst forecast. The stock jumped 10% in the ensuing two days, pushing it above both its 20-day and 200-day moving average. The shares have traded sideways since then and currently sit between the 20-day and 50-day moving averages.

Analysts mostly cheered the earnings news, giving the stock a couple of upgrades and a few target price increases (there was one decrease). But overall, analysts are lukewarm toward the shares, averaging between a buy and hold. The average target price is also underwhelming, sitting just 6% above Friday’s close. But I’m OK with that because it tells me there’s ample room for upgrades. That’s evident from the two upgrades we saw last week even though the company fell short of the earnings estimate.

This trade is based on RBLX benefiting from its bookings strength and perhaps some more love from analysts. We’re going with a neutral-to-bullish put spread on RBLX with the short put strike (green line) below both the 20-day (blue line) and 200-day (red line) moving averages. If you agree that RBLX will stay atop these trendlines, consider the following credit spread trade that relies on the stock staying above $37 through expiration in 6 weeks:

Buy to Open the RBLX 30 Jun 34 put (RBLX230630P34)
Sell to Open the RBLX 30 Jun 37 put (RBLX230630P37) for a credit of $0.65 (selling a vertical)

This credit is $0.02 less than the mid-point price of the spread at Friday’s $40.01 close.  Unless RBLX surges at the open on Monday, you should be able to get close to that price.

The commission on this trade should be no more than $1.30 per spread. Each spread would then yield $63.70. This trade reduces your buying power by $300, making your net investment $236.30 per spread ($300 – $63.70). If RBLX closes above $37 on June 30, all options will expire worthless and your return on the spread would be 27% ($63.70/$236.30).   

Any questions?  Email Jon@terrystips.com. Thank you again for being a part of the Terry’s Tips newsletter.

Happy trading,

Jon

Making 36%

Making 36% – A Duffer's Guide to Breaking Par in the Market Every Year in Good Years and Bad

This book may not improve your golf game, but it might change your financial situation so that you will have more time for the greens and fairways (and sometimes the woods).

Learn why Dr. Allen believes that the 10K Strategy is less risky than owning stocks or mutual funds, and why it is especially appropriate for your IRA.

Order Now

Success Stories

I have been trading the equity markets with many different strategies for over 40 years. Terry Allen's strategies have been the most consistent money makers for me. I used them during the 2008 melt-down, to earn over 50% annualized return, while all my neighbors were crying about their losses.

~ John Collins

May 19, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

May 19, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge  Portfolio

We begin rolling out shorts and longs


BTC 2
IWM 19May23 178 call (IWM230519C178)
STO 2 IWM 02Jun23 177 call (IWM230602C177) for a credit of $2.15 (selling a diagonal) (100%)

BTC 2 IWM 19May23 174 put (IWM230519P174)
STO 2 IWM 02Jun23 175 put (IWM230602P175) for a credit of $2.15 (selling a diagonal) (100%)

BTO 3 IWM 21Jul23 175 call (IWM230721C175)
STC 3 IWM 16Jun23 172 call (IWM230616C172) for a debit of $0.40 (buying a diagonal) (100%)

BTO 2 IWM 21Jul23 180 put (IWM230721P180)
STC 2 IWM 16Jun23 171 put (IWM230616P171) for a debit of $5.25 (buying a diagonal) (100%)


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

Happy trading.

Jon

Making 36%

Making 36% – A Duffer's Guide to Breaking Par in the Market Every Year in Good Years and Bad

This book may not improve your golf game, but it might change your financial situation so that you will have more time for the greens and fairways (and sometimes the woods).

Learn why Dr. Allen believes that the 10K Strategy is less risky than owning stocks or mutual funds, and why it is especially appropriate for your IRA.

Order Now

Success Stories

I have been trading the equity markets with many different strategies for over 40 years. Terry Allen's strategies have been the most consistent money makers for me. I used them during the 2008 melt-down, to earn over 50% annualized return, while all my neighbors were crying about their losses.

~ John Collins

May 18, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

May 18, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge  Portfolio

We are closing put spreads to raise delta


BTC 1
IWM 19May23 170 put (IWM230519P170)
STC 1 IWM 16Jun23 173 put (IWM230616P173) for a credit of $2.55 (selling a diagonal) (100%)

BTC 3 IWM 19May23 172 put (IWM230519P172)
STC 3 IWM 16Jun23 173 put (IWM230616P173) for a credit of $2.55 (selling a diagonal) (100%)

BTC 2 IWM 19May23 173 call (IWM230519C173)
STC 2 IWM 16Jun23 171 call (IWM230616C171) for a credit of $4.15 (selling a diagonal) (100%)


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

Happy trading.

Jon

Making 36%

Making 36% – A Duffer's Guide to Breaking Par in the Market Every Year in Good Years and Bad

This book may not improve your golf game, but it might change your financial situation so that you will have more time for the greens and fairways (and sometimes the woods).

Learn why Dr. Allen believes that the 10K Strategy is less risky than owning stocks or mutual funds, and why it is especially appropriate for your IRA.

Order Now

Success Stories

I have been trading the equity markets with many different strategies for over 40 years. Terry Allen's strategies have been the most consistent money makers for me. I used them during the 2008 melt-down, to earn over 50% annualized return, while all my neighbors were crying about their losses.

~ John Collins

May 18, 2023  Terry’s Tips Trade Alert – Honey  Badger Portfolio

May 18, 2023  Terry’s Tips Trade Alert – Honey  Badger  Portfolio
 
We are raising delta:   


BTC 1 QQQ 26May23 318 put (QQQ230526P318)
STO 1 QQQ 26May23 334 put (QQQ230526P334) for a credit of $2.00 (selling a vertical) (100%)  

BTO 1 QQQ 21Jul23 335 put (QQQ230721P335)
STC 1 QQQ 21Jul23 320 put (QQQ230721P320) for a debit of $4.05 (buying a vertical) (50%)

BTC 1 QQQ 26May23 326 call (QQQ230526C326)
STC 1 QQQ 21Jul23 325 call (QQQ230721C325) for a credit of $7.90 (selling a diagonal) (50%) 

BTC 1 QQQ 26May23 326 call (QQQ230526C323)
STO 1 QQQ 26May23 338 call (QQQ230526C338) for a debit of $8.80 (buying a vertical) (100%) 

BTC 1 QQQ 26May23 329 call (QQQ230526C329)
STO 1 QQQ 26May23 341 call (QQQ230526C341) for a debit of $7.40 (buying a vertical) (50%) 


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

Happy trading.

Jon

Making 36%

Making 36% – A Duffer's Guide to Breaking Par in the Market Every Year in Good Years and Bad

This book may not improve your golf game, but it might change your financial situation so that you will have more time for the greens and fairways (and sometimes the woods).

Learn why Dr. Allen believes that the 10K Strategy is less risky than owning stocks or mutual funds, and why it is especially appropriate for your IRA.

Order Now

Success Stories

I have been trading the equity markets with many different strategies for over 40 years. Terry Allen's strategies have been the most consistent money makers for me. I used them during the 2008 melt-down, to earn over 50% annualized return, while all my neighbors were crying about their losses.

~ John Collins

May 17, 2023  Terry’s Tips Trade Alert – Honey  Badger Portfolio

May 17, 2023  Terry’s Tips Trade Alert – Honey  Badger  Portfolio
 
We are raising delta:   


BTO 1 QQQ 21Jul23 330 put (QQQ230721P330)
STO 1 QQQ 26May23 328 put (QQQ230526P328) for a debit of $6.85 (buying a diagonal) 

BTC 1 QQQ 26May23 323 call (QQQ230526C323)
STO 1 QQQ 26May23 332 call (QQQ230526C332) for a debit of $6.70 (buying a vertical) (50%) 

BTC 1 QQQ 26May23 323 call (QQQ230526C323)
STO 1 QQQ 26May23 335 call (QQQ230526C335) for a debit of $8.10 (buying a vertical) (100%) 

BTC 1 QQQ 26May23 315 put (QQQ230526P315)
STO 1 QQQ 26May23 331 put (QQQ230526P331) for a credit of $2.50 (selling a vertical) (100%)  

BTO 1 QQQ 21Jul23 331 put (QQQ230721P331)
STC 1 QQQ 21Jul23 325 put (QQQ230721P325) for a debit of $2.00 (buying a vertical) (50%)


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

Happy trading.

Jon

Making 36%

Making 36% – A Duffer's Guide to Breaking Par in the Market Every Year in Good Years and Bad

This book may not improve your golf game, but it might change your financial situation so that you will have more time for the greens and fairways (and sometimes the woods).

Learn why Dr. Allen believes that the 10K Strategy is less risky than owning stocks or mutual funds, and why it is especially appropriate for your IRA.

Order Now

Success Stories

I have been trading the equity markets with many different strategies for over 40 years. Terry Allen's strategies have been the most consistent money makers for me. I used them during the 2008 melt-down, to earn over 50% annualized return, while all my neighbors were crying about their losses.

~ John Collins

May 12, 2023  Terry’s Tips Trade Alert – Honey  Badger Portfolio

May 12, 2023  Terry’s Tips Trade Alert – Honey  Badger  Portfolio
 
We will begin rolling out both shorts and longs:   


BTC 1 QQQ 12May23 322 put (QQQ230512P322)
STO 1 QQQ 26May23 324 put (QQQ230526P324) for a credit of $3.25 (selling a diagonal) (33%) 

BTC 1 QQQ 12May23 322 put (QQQ230512P322)
STO 1 QQQ 26May23 321 put (QQQ230526P321) for a credit of $2.35 (selling a diagonal) (50%)

BTC 1 QQQ 12May23 322 put (QQQ230512P322)
STO 1 QQQ 26May23 318 put (QQQ230526P318) for a credit of $1.65 (selling a diagonal) (100%) 
 
BTO 1 QQQ 21Jul23 325 put (QQQ230721P325)
STC 1 QQQ 16Jun23 316 put (QQQ230616P316) for a debit of $5.95 (buying a diagonal) (100%)

BTO 1 QQQ 21Jul23 325 put (QQQ230721P325)
STC 1 QQQ 16Jun23 320 put (QQQ230616P320) for a debit of $4.95 (buying a diagonal) (100%)


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

Happy trading.

Jon

Making 36%

Making 36% – A Duffer's Guide to Breaking Par in the Market Every Year in Good Years and Bad

This book may not improve your golf game, but it might change your financial situation so that you will have more time for the greens and fairways (and sometimes the woods).

Learn why Dr. Allen believes that the 10K Strategy is less risky than owning stocks or mutual funds, and why it is especially appropriate for your IRA.

Order Now

Success Stories

I have been trading the equity markets with many different strategies for over 40 years. Terry Allen's strategies have been the most consistent money makers for me. I used them during the 2008 melt-down, to earn over 50% annualized return, while all my neighbors were crying about their losses.

~ John Collins

May 11, 2023 Terry’s Tips Trade Alert – Earnings Eagle Portfolio

Making 36%

Making 36% – A Duffer's Guide to Breaking Par in the Market Every Year in Good Years and Bad

This book may not improve your golf game, but it might change your financial situation so that you will have more time for the greens and fairways (and sometimes the woods).

Learn why Dr. Allen believes that the 10K Strategy is less risky than owning stocks or mutual funds, and why it is especially appropriate for your IRA.

Order Now

Success Stories

I have been trading the equity markets with many different strategies for over 40 years. Terry Allen's strategies have been the most consistent money makers for me. I used them during the 2008 melt-down, to earn over 50% annualized return, while all my neighbors were crying about their losses.

~ John Collins