June 13, 2024 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are rolling out to lower delta:
BTC 1 IWM 14Jun24 207 call (IWM240614C207)
STO 1 IWM 28Jun24 207 call (IWM240628C207) for a credit of $0.95 (selling a calendar) (50%)
BTC 1 IWM 14Jun24 207 call (IWM240614C207)
STO 1 IWM 28Jun24 205 call (IWM240628C205) for a credit of $1.50 (selling a diagonal) (100%)
BTC 2 IWM 14Jun24 206 put (IWM240614P206)
STO 2 IWM 28Jun24 200 put (IWM240628P200) for a debit of $2.30 (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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