May 23, 2023 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are lowering delta:
BTC 2 IWM 02Jun23 179 put (IWM230602P179)
STO 2 IWM 02Jun23 171 put (IWM230602P171) for a debit of $3.45 (buying a vertical) (100%)
BTC 2 IWM 02Jun23 184 call (IWM230602C184)
STC 2 IWM 21Jul23 175 call (IWM230721C175) for a credit of $6.50 (selling a diagonal) (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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