January 26, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are rolling out to raise delta and theta:
BTC 1 IWM 27Jan23 180 put (IWM230127P180)
STO 1 IWM 10Feb23 186 put (IWM230210P186) for a credit of $2.65 (selling a diagonal) (100%)
BTC 1 IWM 27Jan23 182 put (IWM230127P182)
STO 1 IWM 10Feb23 188 put (IWM230210P188) for a credit of $3.50 (selling a diagonal) (100%)
BTO 1 IWM 17Mar23 190 put (IWM230317P190)
STC 1 IWM 17Mar23 178 put (IWM230317P178) for a debit of $4.15 (buying a vertical) (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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