August 11, 2023 Terry’s Tips Trade Alert #3 – Boomer’s Revenge Portfolio

August 11, 2023 Terry’s Tips Trade Alert #3 – Boomer’s Revenge  Portfolio

This completes rolling out and adds spreads:    


BTC 1 IWM 11Aug23 191 put (IWM230811P191)
STO 1 IWM 25Aug23 187 put (IWM230825P187) for a credit of $1.00 (selling a diagonal) (33%) 

BTC 1 IWM 11Aug23 191 put (IWM230811P191)
STO 1 IWM 25Aug23 193 put (IWM230825P193) for a credit of $3.25 (selling a diagonal) (50%) 

BTC 1 IWM 11Aug23 191 put (IWM230811P191)
STO 1 IWM 25Aug23 185 put (IWM230825P185) for a credit of $0.65 (selling a diagonal) (100%) 

BTO 1 IWM 20Oct23 190 call (IWM231020C190)
STO 1 IWM 25Aug23 195 call (IWM230825C195) for a debit of $6.35 (buying a diagonal) 

BTO 1 IWM 20Oct23 190 call (IWM231020C190)
STO 1 IWM 25Aug23 197 call (IWM230825C197) for a debit of $6.85 (buying a diagonal) 

BTO 1 IWM 20Oct23 185 put (IWM231020P185)
STO 1 IWM 25Aug23 193 put (IWM230825P193) for a debit of $0.35 (buying a diagonal)

BTO 1 IWM 20Oct23 190 put (IWM231020P190)
STO 1 IWM 25Aug23 195 put (IWM230825P195) for a debit of $0.65 (buying a diagonal)

BTO 6 IWM 20Oct23 190 put (IWM231020P190)
STC 6 IWM 15Sep23 190 put (IWM230915P190) for a debit of $1.95 (buying a calendar) (100%)


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

Happy trading,

Jon