December 16, 2022 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are rolling out to reduce delta:
BTC 1 IWM 16Dec22 182 call (IWM221216C182)
STO 1 IWM 30Dec22 176 call (IWM221230C176) for a credit of $2.05 (selling a diagonal) (100%)
BTC 1 IWM 16Dec22 180 call (IWM221216C180)
STO 1 IWM 30Dec22 174 call (IWM221230C174) for a credit of $2.95 (selling a diagonal) (100%)
BTO 1 IWM 17Feb23 174 call (IWM230217C174)
STC 1 IWM 17Feb23 185 call (IWM230217C185) for a debit of $4.75 (buying a vertical) (100%)
BTO 1 IWM 17Feb23 176 call (IWM230217C176)
STC 1 IWM 17Feb23 190 call (IWM230217C190) for a debit of $4.90 (buying a vertical) (100%)
BTC 1 IWM 16Dec22 179 put (IWM221216P179)
STO 1 IWM 30Dec22 172 put (IWM221230P172) for a debit of $3.25 (selling a diagonal) (100%)
BTC 1 IWM 16Dec22 177 put (IWM221216P177)
STO 1 IWM 30Dec22 170 put (IWM221230P170) for a debit of $2.00 (selling a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.
Happy trading.
Terry
Follow Terry's Tips on Twitter
Like Terry's Tips on Facebook
Watch Terry's Tips on YouTube