July 23, 2024 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are rolling out to raise delta:
BTC 1 IWM 26Jul24 212 put (IWM240726P212)
STO 1 IWM 16Aug24 224 put (IWM240816P224) for a credit of $5.70 (selling a diagonal) (50%)
BTC 1 IWM 26Jul24 212 put (IWM240726P212)
STO 1 IWM 16Aug24 222 put (IWM240816P222) for a credit of $4.70 (selling a diagonal) (100%)
BTO 1 IWM 20Dec24 225 put (IWM241220P225)
STC 1 IWM 20Dec24 215 put (IWM241220P215) for a debit of $4.30 (selling a vertical) (25%)
BTC 1 IWM 26Jul24 218 call (IWM240726C218)
STO 1 IWM 16Aug24 227 call (IWM240816C227) for a debit of $1.45 (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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