April 5, 2023 Terry’s Tips Trade Alert #2 – Boomer’s Revenge Portfolio
We begin rolling out to lower delta:
BTC 1 IWM 6Apr23 180 call (IWM230406C180)
STO 1 IWM 21Apr23 174 call (IWM230421C174) for a credit of $3.05 (selling a diagonal) (100%)
BTC 1 IWM 6Apr23 178 call (IWM230406C178)
STO 1 IWM 21Apr23 176 call (IWM230421C176) for a credit of $2.10 (selling a diagonal) (50%)
BTC 1 IWM 6Apr23 178 call (IWM230406C178)
STO 1 IWM 21Apr23 178 call (IWM230421C178) for a credit of $1.35 (selling a calendar) (100%)
BTC 1 IWM 6Apr23 177 put (IWM230406P177)
STO 1 IWM 21Apr23 172 put (IWM230421P172) for a debit of $1.20 (selling a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.
Happy trading.
Jon
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