March 4, 2025 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

March 4, 2025 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio


To reduce delta, we are closing spreads and opening new spreads at lower strikes:


BTC 1 IWM 07Mar25 217 put (IWM250307P217)
STC 1 IWM 16May25 220 put (IWM250516P220) for a credit of $5.15 (selling a diagonal)

BTO 1 IWM 16May25 205 put (IWM250516P205)
STO 1 IWM 28Mar25 204 put (IWM250328P204) for a debit of $3.15 (selling a diagonal)

BTC 1 IWM 07Mar25 215 put (IWM250307P215)
STC 1 IWM 16May25 220 put (IWM250516P220) for a credit of $7.10 (selling a diagonal)

BTO 1 IWM 16May25 205 put (IWM250516P205)
STO 1 IWM 28Mar25 201 put (IWM250328P201) for a debit of $4.35 (selling a diagonal)

BTC 1 IWM 07Mar25 222 call (IWM250307C222)
STC 1 IWM 16May25 220 call (IWM250516C220) for a credit of $3.20 (selling a diagonal)

BTO 1 IWM 16May25 205 call (IWM250516C205)
STO 1 IWM 28Mar25 206 call (IWM250328C206) for a debit of $4.30 (selling a diagonal)


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

Happy trading,

Jon