September 12, 2024 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are lowering long strikes to raise delta:
BTO 1 IWM 20Dec24 205 call (IWM241220C205)
STC 1 IWM 20Dec24 225 call (IWM241220C225) for a debit of $9.50 (selling a vertical) (100%)
BTO 1 IWM 20Dec24 205 put (IWM241220P205)
STC 1 IWM 20Dec24 215 put (IWM241220P215) for a credit of $4.40 (selling a vertical) (50%)
Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.
Happy trading,
Jon
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