Author Archives: Jon Lewis
November 19, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
November 19, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are rolling out call spreads, rolling down a short put and rolling out a long put to increase theta:
BTC 1 MSFT 21Nov25 507.5 put (MSFT251121P507.5)
STO 1 MSFT 21Nov25 482.5 put (MSFT251121P482.5) for a debit of $17.10
BTO 1 MSFT 16Jan26 475 put (MSFT260116P475)
STC 1 MSFT 19Dec25 515 put (MSFT251219P515) for a credit of $18.20
BTC 1 MSFT 21Nov25 515 call (MSFT251121C515)
STC 1 MSFT 19Dec25 515 call (MSFT251219C515) for a credit of $4.80
BTC 1 MSFT 21Nov25 510 call (MSFT251121C510)
STC 1 MSFT 19Dec25 510 call (MSFT251219C510) for a credit of $5.85
BTO 1 MSFT 16Jan26 495 call (MSFT260116C495)
STO 1 MSFT 19Dec25 495 call (MSFT251219C495) for a debit of $5.90
BTO 1 MSFT 16Jan26 505 call (MSFT260116C505)
STO 1 MSFT 19Dec25 505 call (MSFT251219C505) for a debit of $5.40
BTO 1 MSFT 16Jan26 515 call (MSFT260116C515)
STO 1 MSFT 19Dec25 515 call (MSFT251219C515) for a debit of $4.70
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.
Happy trading.
Jon
November 13, 2025 Terry’s Tips Trade Alert – Rising Tide Portfolio
November 13, 2025 Terry’s Tips Trade Alert – Rising Tide Portfolio
We are closing call spreads and rolling down puts to lower delta:
BTC 4 DIS 14Nov25 120 call (DIS251114C120)
STC 4 DIS 16Jan26 120 call (DIS260116C120) for a credit of $0.90
BTC 2 DIS 14Nov25 117 call (DIS251114C117)
STC 2 DIS 16Jan26 115 call (DIS260116C115) for a credit of $1.70
BTC 1 DIS 14Nov25 117 call (DIS251114C117)
STC 1 DIS 16Jan26 110 call (DIS260116C110) for a credit of $3.30
BTC 3 DIS 14Nov25 114 call (DIS251114C114)
STC 3 DIS 16Jan26 110 call (DIS260116C110) for a credit of $3.25
BTC 4 DIS 14Nov25 113 put (DIS251114P113)
STO 4 DIS 14Nov25 105 put (DIS251114P105) for a debit of $5.30
Be prepared to change this/these price limit(s) by $.05 or more in order to get an execution.
Happy trading.
Jon
November 7, 2025 Terry’s Tips Trade Alert – Honey Badger Portfolio
November 7, 2025 Terry’s Tips Trade Alert – Honey Badger Portfolio
We continue rolling out and rolling down to reduce delta:
BTC 1 QQQ 07Nov25 620 call (QQQ251107C620)
STO 1 QQQ 28Nov25 615 call (QQQ251128C615) for a credit of $9.40
BTC 1 QQQ 07Nov25 617 call (QQQ251107C617)
STO 1 QQQ 28Nov25 610 call (QQQ251128C610) for a credit of $11.70
BTC 1 QQQ 07Nov25 615 call (QQQ251107C615)
STO 1 QQQ 28Nov25 605 call (QQQ251128C605) for a credit of $14.50
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.
Happy trading,
Jon
November 6, 2025 Terry’s Tips Trade Alert – Honey Badger Portfolio
November 6, 2025 Terry’s Tips Trade Alert – Honey Badger Portfolio
We are rolling out and rolling down calls to reduce delta and increase theta:
BTC 1 QQQ 07Nov25 635 call (QQQ251107C635)
STC 1 QQQ 19Dec25 640 call (QQQ251219C640) for a credit of $8.75 (selling a diagonal)
BTC 1 QQQ 07Nov25 630 call (QQQ251107C630)
STC 1 QQQ 19Dec25 630 call (QQQ251219C630) for a credit of $12.80 (selling a calendar)
BTO 1 QQQ 19Dec25 625 call (QQQ251219C625)
STO 1 QQQ 28Nov25 625 call (QQQ251128C625) for a debit of $6.30 (buying a calendar)
BTO 1 QQQ 19Dec25 620 call (QQQ251219C620)
STO 1 QQQ 28Nov25 620 call (QQQ251128C620) for a debit of $6.45 (buying a calendar)
BTC 1 QQQ 07Nov25 627 call (QQQ251107C627)
STO 1 QQQ 07Nov25 617 call (QQQ251107C617) for a credit of $3.25 (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
November 4, 2025 Terry’s Tips Trade Alert – Honey Badger Portfolio
November 4, 2025 Terry’s Tips Trade Alert – Honey Badger Portfolio
We are lowering a call strike to reduce delta and increase theta:
BTC 1 QQQ 07Nov25 640 call (QQQ251107C640)
STO 1 QQQ 07Nov25 610 call (QQQ251107C610) for a credit of $12.60 (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
October 31, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
October 31, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are closing spreads with low thetas:
BTC 1 MSFT 31Oct25 540 call (MSFT251031C540)
STC 1 MSFT 21Nov25 545 call (MSFT251121C545) for a credit of $3.45 (selling a diagonal)
BTC 1 MSFT 31Oct25 535 call (MSFT251031C535)
STC 1 MSFT 21Nov25 540 call (MSFT251121C540) for a credit of $4.45 (selling a diagonal)
BTC 1 MSFT 31Oct25 495 put (MSFT251031P495)
STC 1 MSFT 21Nov25 495 put (MSFT251121P495) for a credit of $3.70 (selling a calendar)
BTC 1 MSFT 31Oct25 500 put (MSFT251031P500)
STC 1 MSFT 21Nov25 500 put (MSFT251121P500) for a credit of $4.90 (selling a calendar)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.
Happy trading.
Jon
October 30, 2025 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
October 30, 2025 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are closing put spreads and rolling up put strikes to increase delta and theta:
BTC 2 IWM 31Oct25 239 put (IWM251031P239)
STC 2 IWM 21Nov25 240 put (IWM251121P240) for a credit of $2.45 (selling a diagonal)
BTC 1 IWM 31Oct25 242 put (IWM251031P242)
STC 1 IWM 21Nov25 240 put (IWM251121P240) for a credit of $2.25 (selling a diagonal)
BTC 2 IWM 31Oct25 242 put (IWM251031P242)
STO 2 IWM 31Oct25 248 put (IWM251031P248) for a credit of $1.70 (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
October 23, 2025 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
October 23, 2025 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are rolling up strikes and closing spreads to increase delta:
BTC 2 IWM 31Oct25 241 call (IWM251031C241)
STO 2 IWM 31Oct25 247 call (IWM251031C247) for a debit of $4.10 (buying a vertical)
BTC 1 IWM 31Oct25 241 call (IWM251031C241)
STO 1 IWM 31Oct25 253 call (IWM251031C253) for a debit of $6.55 (buying a vertical)
BTC 2 IWM 31Oct25 230 put (IWM251031P230)
STC 2 IWM 21Nov25 245 put (IWM251121P245) for a credit of $4.55 (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
October 17, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
October 17, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are closing a put spread to avoid assignment:
BTC 1 MSFT 17Oct25 515 put (MSFT251017P515)
STC 1 MSFT 21Nov25 515 put (MSFT251121P515) for a credit of $14.45 (selling a calendar)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.
Happy trading.
Jon
October 16, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
October 16, 2025 Terry’s Tips Trade Alert – Wiley Wolf Portfolio
We are rolling down call spreads to reduce delta and increase theta:
BTC 1 MSFT 17Oct25 535 call (MSFT251017C535)
STC 1 MSFT 21Nov25 535 call (MSFT251121C535) for a credit of $10.00 (selling a calendar)
BTC 1 MSFT 17Oct25 530 call (MSFT251017C530)
STC 1 MSFT 21Nov25 530 call (MSFT251121C530) for a credit of $11.80 (selling a calendar)
BTO 1 MSFT 21Nov25 515 call (MSFT251121C515)
STO 1 MSFT 17Oct25 515 call (MSFT251017C515) for a debit of $16.15 (buying a calendar)
BTO 1 MSFT 21Nov25 510 call (MSFT251121C510)
STO 1 MSFT 17Oct25 510 call (MSFT251017C510) for a debit of $15.95 (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
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