February 10, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio

February 10, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge  Portfolio

We are closing spreads to increase theta. We will add spreads later today: 


BTC 1 IWM 10Feb23 186 put (IWM230210P186)
STC 1 IWM 17Mar23 182 put (IWM230317P182) for a credit of $2.65 (selling a diagonal) (50%)

BTC 1 IWM 10Feb23 186 put (IWM230210P186)
STC 1 IWM 17Mar23 186 put (IWM230317P186) for a credit of $3.75 (selling a calendar) (100%)

BTC 1 IWM 10Feb23 193 call (IWM230210C193)
STC 1 IWM 17Mar23 188 call (IWM230317C188) for a credit of $7.10 (selling a diagonal) (50%) 

BTC 1 IWM 10Feb23 193 call (IWM230210C193)
STC 1 IWM 17Mar23 190 call (IWM230317C190) for a credit of $5.85 (selling a diagonal) (100%) 

Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.

Happy trading.

Jon