May 4, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are rolling out to lower delta:
BTC 2 IWM 5May23 175 put (IWM230505P175)
STO 2 IWM 19May23 170 put (IWM230519P170) for a debit of $1.55 (selling a diagonal) (66%)
BTC 1 IWM 5May23 175 put (IWM230505P175)
STO 1 IWM 19May23 168 put (IWM230519P168) for a debit of $2.25 (selling a diagonal) (100%)
BTC 2 IWM 5May23 177 call (IWM230505C177)
STO 2 IWM 19May23 171 call (IWM230519C171) for a credit of $3.25 (selling a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.
Happy trading.
Jon
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