February 28, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

February 28, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge  Portfolio

We are adding spreads to raise delta: 


BTO 1 IWM 21Apr23 181 put (IWM230421P181)
STO 1 IWM 10Mar23 190 put (IWM230310P190) for a debit of $0.35 (buying a diagonal)

BTO 1 IWM 21Apr23 188 call (IWM230421C188)
STO 1 IWM 10Mar23 193 call (IWM230310C193) for a debit of $6.25 (buying a diagonal)

BTO 1 IWM 21Apr23 190 call (IWM230421C190)
STO 1 IWM 10Mar23 195 call (IWM230310C195) for a debit of $5.70 (buying a diagonal)


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

Happy trading.

Jon