August 17, 2022 Terry’s Tips Trade Alert #2 – Boomer’s Revenge Portfolio
We are closing low-strike put spreads:
BTC 1 IWM 19Aug22 188 put (IWM220819P288)
STC 1 IWM 16Sep22 188 put (IWM220916P188) for a credit of $1.85 (selling a calendar) (50%)
BTC 1 IWM 19Aug22 188 put (IWM220819P288)
STC 1 IWM 16Sep22 186 put (IWM220916P186) for a credit of $1.50 (selling a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.
Happy trading.
Terry
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