May 9, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

May 9, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge  Portfolio

We are adding spreads to lower delta: 


BTO 2 IWM 16Jun23 168 put (IWM230616P168)
STO 2 IWM 19May23 166 put (IWM230519P166) for a debit of $2.45 (buying a diagonal)

BTO 1 IWM 16Jun23 171 put (IWM230616P171)
STO 1 IWM 19May23 170 put (IWM230519P170) for a debit of $2.55 (buying a diagonal)

BTO 1 IWM 16Jun23 171 put (IWM230616P171)
STO 1 IWM 19May23 168 put (IWM230519P168) for a debit of $3.00 (buying a diagonal)


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

Happy trading.

Jon