January 31, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are adding spreads to raise delta:
BTO 1 IWM 21Apr23 195 call (IWM230421C195)
STO 1 IWM 10Feb23 199 call (IWM230210C199) for a debit of $5.40 (buying a diagonal)
BTO 1 IWM 21Apr23 190 call (IWM230421C190)
STO 1 IWM 10Feb23 193 call (IWM230210C193) for a debit of $6.55 (buying a diagonal)
Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.
Happy trading.
Jon
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