March 2, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are adding spreads to reduce delta:
BTC 1 IWM 10Mar23 190 put (IWM230310P190)
STO 1 IWM 10Mar23 183 put (IWM230310P183) for a debit of $2.95 (buying a vertical) (100%)
BTO 1 IWM 19May23 195 call (IWM230519C195)
STO 1 IWM 10Mar23 189 call (IWM230310C189) for a debit of $2.75 (buying a diagonal)
BTO 1 IWM 19May23 186 put (IWM230519P186)
STO 1 IWM 10Mar23 181 put (IWM230310P181) for a debit of $6.10 (buying a diagonal)
Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.
Happy trading.
Jon
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