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
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