September 13, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are opening spreads using the 17 Nov series for the longs:
BTO 2 IWM 17Nov23 185 put (IWM231117P185)
STO 2 IWM 22Sep23 178 put (IWM230922P178) for a debit of $5.55 (buying a diagonal)
BTO 1 IWM 17Nov23 185 put (IWM231117P185)
STO 1 IWM 22Sep23 180 put (IWM230922P180) for a debit of $5.15 (buying a diagonal)
BTC 1 IWM 22Sep23 190 call (IWM230922C190)
STO 1 IWM 22Sep23 184 call (IWM230922C184) for a credit of $1.15 (buying 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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