Category Archives: Boomers Revenge

June 22, 2022 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

June 22, 2022 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

We are lowering a long put strike and adding a call spread to increase delta: 


BTO 1
IWM 19Aug22 160 put (IWM220819P160) 
STC 1 IWM 19Aug22 180 put (IWM220819P180) for a credit of $9.55 (selling a vertical) (100%)

BTO 1 IWM 19Aug22 156 call (IWM220819C156)
STO 1 IWM 24Jun22 168 call (IWM220624C168) for a debit of $14.80 (buying a diagonal)


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

Happy trading.

Terry

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