December 15, 2022 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

December 15, 2022 Terry’s Tips Trade Alert – Boomer’s Revenge  Portfolio

We are closing spreads using Jan longs to reduce delta: 


BTC 1 IWM 16Dec22 191 call (IWM221216C191)
STC 1 IWM 20Jan23 186 call (IWM230120C186) for a credit of $1.85 (selling a diagonal) (100%)

BTC 1 IWM 16Dec22 189 call (IWM221216C189)
STC 1 IWM 20Jan23 185 call (IWM230120C185) for a credit of $2.15 (selling a diagonal) (100%)

BTC 1 IWM 16Dec22 188 call (IWM221216C188)
STC 1 IWM 20Jan23 185 call (IWM230120C185) for a credit of $2.15 (selling a diagonal) (100%)

BTC 1 IWM 16Dec22 185 put (IWM221216P185)
STC 1 IWM 20Jan23 188 put (IWM230120P188) for a credit of $3.80 (selling a diagonal) (100%)

BTC 1 IWM 16Dec22 183 put (IWM221216P183)
STC 1 IWM 20Jan23 186 put (IWM230120P186) for a credit of $4.25 (selling a diagonal) (100%)

BTC 1 IWM 16Dec22 181 put (IWM221216P181)
STC 1 IWM 20Jan23 180 put (IWM230120P180) for a credit of $2.15 (selling a diagonal) (100%)


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

Happy trading.

Terry