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July 12, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

July 12, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge  Portfolio

We are closing spreads and raising delta: 


BTC 3 IWM 14Jul23 183 put (IWM230714P183)
STC 3 IWM 18Aug23 185 put (IWM230818P185) for a credit of $1.70 (selling a diagonal) (28%)

BTC 1 IWM 14Jul23 187.5 call (IWM230714C187.5)
STO 1 IWM 14Jul23 192.5 call (IWM230714C192.5) for a debit of $3.85 (buying a vertical) (100%)

BTC 1 IWM 14Jul23 189 call (IWM230714C189)
STO 1 IWM 14Jul23 194 call (IWM230714C194) for a debit of $3.05 (buying a vertical) (50%)

BTC 1 IWM 14Jul23 185 put (IWM230714P185)
STC 1 IWM 18Aug23 185 put (IWM230818P185) for a credit of $1.70 (selling a diagonal) (100%)

BTC 2 IWM 14Jul23 185 put (IWM230714P185)
STC 2 IWM 18Aug23 180 put (IWM230818P180) for a credit of $0.95 (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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