April 26, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are lowering delta:
BTC 2 IWM 5May23 177 put (IWM230505P177)
STO 2 IWM 5May23 167 put (IWM230505P167) for a debit of $4.60 (buying a vertical) (100%)
BTC 3 IWM 5May23 182 call (IWM230505C182)
STO 3 IWM 5May23 174 call (IWM230505C174) for a credit of $1.65 (selling a vertical) (100%)
BTO 2 IWM 16Jun23 174 call (IWM230616C174)
STC 2 IWM 16Jun23 184 call (IWM230616C184) for a debit of $3.85 (buying a vertical) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.
Happy trading.
Jon
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