February 29, 2024 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We continue rolling out low extrinsic value positions:
BTC 1 IWM 01Mar24 198 put (IWM240301P198)
STO 1 IWM 22Mar24 203 put (IWM240322P203) for a credit of $3.65 (selling a diagonal) (50%)
BTC 1 IWM 01Mar24 198 put (IWM240301P198)
STO 1 IWM 22Mar24 205 put (IWM240322P205) for a credit of $4.60 (selling a diagonal) (100%)
BTC 1 IWM 01Mar24 199 call (IWM240301C199)
STO 1 IWM 22Mar24 207 call (IWM240322C207) for a debit of $2.10 (selling 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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