May 3, 2024 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

May 3, 2024 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio


We are rolling out to raise delta:


BTC 1 IWM 03May24 197 put (IWM240503P197)
STO 1 IWM 24May24 202 put (IWM240524P202) for a credit of $3.75 (selling a diagonal) (50%)    

BTC 1 IWM 03May24 198 call (IWM240503C198)
STO 1 IWM 24May24 203 call (IWM240524C203) for a debit of $0.20 (selling a diagonal) (100%) 

BTC 1 IWM 24May24 197 call (IWM240524C197)
STO 1 IWM 24May24 205 call (IWM240524C205) for a debit of $4.50 (buying a vertical) (100%) 

BTC 1 IWM 03May24 199 put (IWM240503P199)
STO 1 IWM 24May24 200 put (IWM240524P200) for a credit of $2.80 (selling a diagonal) (50%)    


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

Happy trading,

Jon