September 9, 2025 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are adding put spreads to lower delta and increase theta:
BTO 1 IWM 17Oct25 225 put (IWM251017P225)
STO 1 IWM 19Sep25 222 put (IWM250919P222) for a debit of $2.25 (buying a diagonal)
BTO 1 IWM 17Oct25 235 put (IWM251017P235)
STO 1 IWM 19Sep25 234 put (IWM250919P234) for a debit of $2.85 (buying a diagonal)
BTO 1 IWM 17Oct25 235 put (IWM251017P235)
STO 1 IWM 19Sep25 231 put (IWM250919P231) for a debit of $3.90 (buying a diagonal)
BTO 1 IWM 17Oct25 230 put (IWM251017P230)
STO 1 IWM 19Sep25 228 put (IWM250919P228) for a debit of $2.75 (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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