January 19, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are lowering delta:
BTC 1 IWM 27Jan23 187 put (IWM230127P187)
STO 1 IWM 27Jan23 180 put (IWM230127P180) for a debit of $3.85 (buying a vertical) (50%)
BTC 1 IWM 27Jan23 187 put (IWM230127P187)
STO 1 IWM 27Jan23 178 put (IWM230127P178) for a debit of $4.40 (buying a vertical) (100%)
BTC 1 IWM 27Jan23 190 call (IWM230127C190)
STO 1 IWM 27Jan23 183 call (IWM230127C183) for a credit of $1.85 (selling a vertical) (50%)
BTO 1 IWM 17Mar23 182 call (IWM230317C182)
STC 1 IWM 17Mar23 192 call (IWM230317C192) for a debit of $4.65 (buying a vertical) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.
Happy trading.
Jon
Follow Terry's Tips on Twitter
Like Terry's Tips on Facebook
Watch Terry's Tips on YouTube