September 30, 2022 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are closing two put spreads to raise delta and theta. We’ll replace them later today:
BTC 1 IWM 30Sep22 161 put (IWM220930P161)
STC 1 IWM 18Nov22 178 put (IWM221118P178) for a credit of $13.40 (selling a diagonal) (100%)
BTC 1 IWM 30Sep22 163 put (IWM220930P163)
STC 1 IWM 18Nov22 168 put (IWM221118P168) for a credit of $7.75 (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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