June 22, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

June 22, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge  Portfolio

We are adding spreads to reduce delta: 


BTO 1 IWM 18Aug23 190 call (IWM230818C190)
STO 1 IWM 30Jun23 185 call (IWM230630C185) for a debit of $1.60 (buying a diagonal)

BTO 1 IWM 18Aug23 185 put (IWM230818P185)
STO 1 IWM 30Jun23 182 put (IWM230630P182) for a debit of $4.25 (buying a diagonal)

BTO 1 IWM 18Aug23 185 put (IWM230818P185)
STO 1 IWM 30Jun23 180 put (IWM230630P180) for a debit of $4.80 (buying a diagonal)


Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.

Happy trading.

Jon