October 5, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
This completes rolling out all longs to December:
BTO 1 IWM 15Dec23 170 call (IWM231215C170)
STC 1 IWM 17Nov23 170 call (IWM231117C170) for a debit of $1.80 (buying a calendar) (100%)
BTO 1 IWM 15Dec23 175 put (IWM231215P175)
STC 1 IWM 17Nov23 175 put (IWM231117P175) for a debit of $1.00 (buying a calendar) (33%)
BTO 2 IWM 15Dec23 180 put (IWM231215P180)
STC 2 IWM 17Nov23 175 put (IWM231117P175) for a debit of $4.15 (buying 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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