June 14, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are selling a spread to raise delta:
BTC 1 IWM 16Jun23 178 put (IWM230616P178)
STC 1 IWM 21Jul23 190 put (IWM230721P190) for a credit of $4.95 (selling a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.