January 12, 2023 Terry’s Tips Trade Alert #2 – Boomer’s Revenge Portfolio
We will begin rolling out to increase delta:
BTC 1 IWM 13Jan23 179 call (IWM230113C179)
STO 1 IWM 27Jan23 186 call (IWM230127C186) for a debit of $3.75 (selling a diagonal) (100%)
BTC 1 IWM 13Jan23 178 put (IWM230113P178)
STO 1 IWM 27Jan23 184 put (IWM230127P184) for a credit of $2.15 (selling a diagonal) (100%)
BTO 1 IWM 17Mar23 186 put (IWM230317P186)
STC 1 IWM 17Feb23 177 put (IWM230217P177) for a debit of $4.55 (buying a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.
Happy trading.
Terry
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