August 24, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are rolling out shorts with little extrinsic value:
BTC 2 IWM 25Aug23 189 put (IWM230825P189)
STO 2 IWM 08Sep23 185 put (IWM230908P185) for a debit of $1.90 (selling a diagonal) (66%)
BTC 1 IWM 25Aug23 189 put (IWM230825P189)
STO 1 IWM 08Sep23 183 put (IWM230908P183) for a debit of $2.75 (selling a diagonal) (100%)
BTC 1 IWM 25Aug23 192 call (IWM230825C192)
STO 1 IWM 08Sep23 186 call (IWM230908C186) for a credit of $2.00 (selling a diagonal) (100%)
BTO 1 IWM 20Oct23 180 call (IWM231020C180)
STC 1 IWM 20Oct23 190 call (IWM231020C190) for a debit of $5.60 (selling a vertical) (50%)
Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.
Happy trading,
Jon
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