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November 10, 2022 Terry’s Tips Trade Alert – Boomer’s Revenge  Portfolio

November 10, 2022 Terry’s Tips Trade Alert – Boomer’s Revenge  Portfolio

With IWM up 4% at the open, we’re closing low-strike put spreads to raise delta: 


BTC 1 IWM 11Nov22 170 put (IWM221111P170)
STC 1 IWM 16Dec22 184 put (IWM221216P184) for a credit of $7.60 (selling a diagonal) (100%)

BTC 2 IWM 11Nov22 172 put (IWM221111P172)
STC 2 IWM 16Dec22 182 put (IWM221216P182) for a credit of $6.60 (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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