March 7, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are lowering delta:
BTO 2 IWM 19May23 190 call (IWM230519C190)
STC 2 IWM 21Apr23 186 call (IWM230421C186) for a credit of $0.25 (buying a diagonal) (100%)
BTO 3 IWM 19May23 192 call (IWM230519C192)
STC 3 IWM 21Apr23 188 call (IWM230421C188) for a credit of $0.10 (buying a diagonal) (100%)
BTC 1 IWM 10Mar23 189 put (IWM230310P189)
STO 1 IWM 10Mar23 185 put (IWM230310P185) for a debit of $1.75 (buying a vertical) (50%)
Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.
Happy trading.
Jon
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