November 9, 2022 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are reducing delta:
BTC 1 IWM 11Nov22 181 put (IWM221111P181)
STO 1 IWM 11Nov22 173 put (IWM221111P173) for a debit of $4.80 (buying a vertical) 100%)
BTC 1 IWM 11Nov22 179 put (IWM221111P179)
STO 1 IWM 11Nov22 172 put (IWM221111P172) for a debit of $3.60 (buying a vertical) 100%)
BTC 1 IWM 11Nov22 191 call (IWM221111C191)
STC 1 IWM 16Dec22 172 call (IWM221216C172) for a credit of $8.65 (selling a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.
Happy trading.
Terry
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