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August 9, 2024 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

August 9, 2024 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio


We are closing a spread and opening a spread to raise delta:


BTC 1 IWM 16Aug24 198 put (IWM240816P198)
STC 1 IWM 20Dec24 220 put (IWM241220P220) for a credit of $17.40 (selling a diagonal) (100%)  

BTO 1 IWM 20Dec24 210 call (IWM241220C210)
STO 1 IWM 16Aug24 213 call (IWM240816C213) for a debit of $10.70 (buying 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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