Author Archives: Jon Lewis

March 14, 2024 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

March 14, 2024 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We are closing the remaining put spreads to raise delta:  


BTC 1 MSFT 15Mar24 400 put (MSFT240315P400)
STC 1 MSFT 19Apr24 400 put (MSFT240419P400) for a credit of $2.45 (selling a calendar) (100%)

BTC 2 MSFT 15Mar24 405 put (MSFT240315P405)
STC 2 MSFT 19Apr24 405 put (MSFT240419P405) for a credit of $3.25 (selling a calendar) (100%)

BTC 2 MSFT 15Mar24 410 put (MSFT240315P410)
STC 2 MSFT 19Apr24 410 put (MSFT240419P410) for a credit of $4.30 (selling a calendar) (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

March 13, 2024  Terry’s Tips Trade Alert – Honey Badger Portfolio

March 13, 2024  Terry’s Tips Trade Alert – Honey Badger Portfolio
 
 
We are closing low-theta spreads before establishing new positions later in the week:    


BTC 1 QQQ 15Mar24 453 call (QQQ240315C453)
STC 1 QQQ 19Apr24 440 call (QQQ240419C440) for a credit of $10.75 (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

March 8, 2024 Terry’s Tips Trade Alert – Rising Tide Portfolio

March 8, 2024 Terry’s Tips Trade Alert – Rising Tide Portfolio

We are closing call spreads that are far out of the money to lower delta:    


BTC 1 COST 08Mar24 815 call (COST 240308C815)
STC 1 COST 19Apr24 815 call (COST 240419C815) for a credit of $3.25 (selling a diagonal) (100%)

BTC 1 COST 08Mar24 805 call (COST 240308C805)
STC 1 COST 19Apr24 805 call (COST 240419C805) for a credit of $4.25 (selling a calendar) (100%)

BTC 1 COST 08Mar24 795 call (COST 240308C795)
STC 1 COST 19Apr24 795 call (COST 240419C795) for a credit of $5.55 (selling a calendar) (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

March 7, 2024 Terry’s Tips Trade Alert – Rising Tide Portfolio

March 7, 2024 Terry’s Tips Trade Alert – Rising Tide Portfolio

We are maximizing profit potential ahead of tonight’s earnings:    


BTC 1 COST 08Mar24 755 call (COST 240308C755)
STC 1 COST 19Apr24 725 call (COST 240419C725) for a credit of $33.20 (selling a diagonal) (100%)

BTC 1 COST 08Mar24 765 call (COST 240308C765)
STC 1 COST 19Apr24 765 call (COST 240419C765) for a credit of $11.10 (selling a calendar) (100%)

BTO 1 COST 19Apr24 805 call (COST 240419C805)
STO 1 COST 08Mar24 805 call (COST 240308C805) for a debit of $9.90 (buying a calendar)

BTO 1 COST 19Apr24 815 call (COST 240419C815)
STO 1 COST 08Mar24 815 call (COST 240308C815) for a debit of $9.50 (buying a calendar)

BTC 1 COST 08Mar24 710 put (COST240308P710)
STC 1 COST 19Apr24 715 put (COST240419P715) for a credit of $4.90 (selling a diagonal) (100%)

BTO 1 COST 19Apr24 750 put (COST240419P750)
STO 1 COST 08Mar24 750 put (COST240308P750) for a debit of $6.80 (buying a calendar)

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

Free Option Trade of the Week – Sunny Outlook (FSLR)

March 5, 2024

Sunny Outlook

We’re headed back to the bullish side this week with a trade on First Solar (FSLR). The country’s largest solar module maker reported earnings on Tuesday after the bell. Earnings per share came in above estimates, while revenue fell short despite growing more than 15% year over year. The company guided earnings and sales that were in line with or slightly higher than the analyst consensus.

The stock jumped as much as 9% on the news before closing 3% higher. That’s in sharp contrast to other solar companies, which have been plagued by lower demand, high interest rates, regulatory changes and higher inventories. But FSLR managed to overcome those headwinds with stronger pricing power, something analysts see continuing in 2024.

The news was not met with any ratings changes, though there were a few target price increases. Depending on the source, FSLR’s average target price is in the $210-235 range, which is well above Friday’s $158 close. Given that the stock reached a high of $232 last May – its highest level in the past 25 years – these estimates may be a tad overexuberant.

My take on FSLR – based on the charts – is more conservative. The stock has gone nowhere in the past five months, travelling mostly between the 140 and 175 levels. The 20-day and 50-day moving averages, which have provided nothing in terms of support or resistance, are horizontal and of little use.

Given the positive earnings results and outlook, we’re looking for the bottom of this trading range continuing to hold at 140, a level the stock has closed below just seven times going back to October 2022. The short strike of our put spread is at 140, which is more than 11% below Friday’s close. Because we’re going so far OTM with this trade, the credit and max return are somewhat lower than most of our trades. Less risk, less reward.        

If you agree that the stock will continue respecting the bottom of its trading range, consider the following credit spread trade that relies on FSLR staying above $140 (blue line) through expiration in 7 weeks:

Buy to Open the FSLR 19 Apr 135 put (FSLR240419P135)
Sell to Open the FSLR 19 Apr 140 put (FSLR240419P140) for a credit of $0.90 (selling a vertical)

This credit is $0.05 less than the mid-point price of the spread at Friday’s $158.05 close.   Unless FSLR 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 $88.70. This trade reduces your buying power by $500, making your net investment $411.30 per spread ($500 – $88.70). If FSLR closes above $140 on Apr. 19, the options will expire worthless and your return on the spread would be 22% ($88.70/$411.30).

** We are crushing it! Our Costco (COST) portfolio is up 23% already this year. Our Microsoft (MSFT) portfolio is up 14% (last year this portfolio returned more than 70%). Don’t be left behind … there’s still time to save more than 50% on a monthly subscription to Terry’s Tips. Just Click Here, select Sign Up Now and use Coupon Code D21M to start a monthly subscription to Terry’s Tips for half off.**

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

March 1, 2024 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

March 1, 2024 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

We continue rolling out low extrinsic value positions:


BTO 2 IWM 19Apr24 205 put (IWM240419P205)
STC 2 IWM 19Apr24 195 put (IWM240419P195) for a debit of $3.75 (selling a vertical) (66%)  

BTC 1 IWM 01Mar24 201 call (IWM240301C201)
STO 1 IWM 22Mar24 211 call (IWM240322C211) for a debit of $1.35 (selling a diagonal) (100%)   

BTC 1 IWM 01Mar24 200 put (IWM240301P200)
STO 1 IWM 22Mar24 201 put (IWM240322P201) for a credit of $2.95 (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

February 29, 2024 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

February 29, 2024 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

We continue rolling out low extrinsic value positions:


BTC 1 IWM 01Mar24 198 put (IWM240301P198)
STO 1 IWM 22Mar24 203 put (IWM240322P203) for a credit of $3.65 (selling a diagonal) (50%)   

BTC 1 IWM 01Mar24 198 put (IWM240301P198)
STO 1 IWM 22Mar24 205 put (IWM240322P205) for a credit of $4.60 (selling a diagonal) (100%)   

BTC 1 IWM 01Mar24 199 call (IWM240301C199)
STO 1 IWM 22Mar24 207 call (IWM240322C207) for a debit of $2.10 (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

February 28, 2024  Terry’s Tips Trade Alert – Honey Badger Portfolio

February 28, 2024  Terry’s Tips Trade Alert – Honey Badger Portfolio
 
 
We begin rolling out calls with little extrinsic value remaining:    


BTC 1 QQQ 01Mar24 444 call (QQQ240301C444)
STO 1 QQQ 15Mar24 436 call (QQQ240315C436) for a credit of $5.60 (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

February 28, 2024 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

February 28, 2024 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

We begin rolling out puts with little extrinsic value remaining:


BTC 1 IWM 01Mar24 192 put (IWM240301P192)
STO 1 IWM 22Mar24 195 put (IWM240322P195) for a credit of $1.50 (selling a diagonal) (100%)   

BTC 1 IWM 01Mar24 194 put (IWM240301P194)
STO 1 IWM 22Mar24 197 put (IWM240322P197) for a credit of $1.95 (selling a diagonal) (100%)   

BTC 1 IWM 01Mar24 196 put (IWM240301P196)
STO 1 IWM 22Mar24 199 put (IWM240322P199) for a credit of $2.50 (selling a diagonal) (50%)   

BTC 1 IWM 01Mar24 196 put (IWM240301P196)
STO 1 IWM 22Mar24 201 put (IWM240322P201) for a credit of $3.25 (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

February 23, 2024 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

February 23, 2024 Terry’s Tips Trade Alert – Wiley Wolf Portfolio

We are rolling out and raising delta:  


BTC 1 MSFT 23Feb24 410 call (MSFT240223C410)
STO 1 MSFT 15Mar24 425 call (MSFT240315C425) for a debit of $0.55 (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