September 19, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are closing spreads and rolling out to reduce delta:
BTC 2 IWM 22Sep23 186 put (IWM230922P186)
STC 2 IWM 20Oct23 190 put (IWM231020P190) for a credit of $4.80 (selling a diagonal) (100%)
BTC 2 IWM 22Sep23 186 put (IWM230922P186)
STO 2 IWM 06Oct23 178 put (IWM231006P178) for a debit of $2.80 (selling a diagonal) (100%)
BTC 2 IWM 22Sep23 186 call (IWM230922C186)
STC 2 IWM 20Oct23 185 call (IWM231020C185) for a credit of $1.90 (selling a diagonal) (100%)
BTO 1 IWM 17Nov23 175 call (IWM231117C175)
STC 1 IWM 17Nov23 190 call (IWM231117C190) for a debit of $8.25 (selling a vertical) (100%)
BTC 1 IWM 22Sep23 186 call (IWM230922C186)
STO 1 IWM 06Oct23 182 call (IWM231006C182) for a credit of $2.30 (selling 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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