July 30, 2025 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are lowering short call strikes and adding a put spread to lower delta:
BTC 1 IWM 08Aug25 237 call (IWM250808C237)
STO 1 IWM 08Aug25 221 call (IWM250808C221) for a credit of $3.20 (buying a vertical)
BTC 1 IWM 08Aug25 235 call (IWM250808C235)
STO 1 IWM 08Aug25 221 call (IWM250808C221) for a credit of $3.15 (buying a vertical)
BTO 1 IWM 17Oct25 215 put (IWM251017P215)
STO 1 IWM 08Aug25 210 put (IWM250808P210) for a debit of $5.50 (buying 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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