May 2, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

May 2, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge  Portfolio

We are lowering delta: 


BTC 2 IWM 5May23 180 call (IWM230505C180)
STC 2 IWM 16Jun23 182 call (IWM230616C182) for a credit of $1.05 (selling a diagonal) (100%)

BTC 1 IWM 5May23 180 call (IWM230505C180)
STC 1 IWM 16Jun23 180 call (IWM230616C180) for a credit of $1.55 (selling a calendar) (100%)

BTC 4 IWM 5May23 178 call (IWM230505C178)
STO 4 IWM 5May23 172 call (IWM230505C172) for a credit of $1.35 (selling a vertical) (100%)

BTO 3 IWM 16Jun23 172 call (IWM230616C172)
STC 3 IWM 16Jun23 178 call (IWM230616C178) for a debit of $2.80 (buying a vertical) (100%) 

BTC 2 IWM 5May23 177 put (IWM230505P177)
STC 2 IWM 16Jun23 173 put (IWM230616P173) for a debit of $0.20 (selling a diagonal) (100%)


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

Happy trading.

Jon