July 6, 2023 Terry’s Tips Trade Alert #2 – Boomer’s Revenge Portfolio
With IWM reversing higher, we are raising delta:
BTO 1 IWM 18Aug23 175 call (IWM230818C175)
STC 1 IWM 18Aug23 190 call (IWM230818C190) for a debit of $8.80 (buying a vertical) (100%)
BTO 2 IWM 18Aug23 180 put (IWM230818P180)
STC 2 IWM 18Aug23 190 put (IWM230818P190) for a credit of $5.10 (selling a vertical) (28%)
Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.
Happy trading.
Jon
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