November 11, 2022 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are closing lower-strike spreads to raise delta:
BTC 1 IWM 11Nov22 175 put (IWM221111P175)
STC 1 IWM 16Dec22 178 put (IWM221216P178) for a credit of $2.70 (selling a diagonal) (100%)
BTC 1 IWM 11Nov22 177 put (IWM221111P177)
STC 1 IWM 16Dec22 178 put (IWM221216P178) for a credit of $2.70 (selling a diagonal) (100%)
BTC 1 IWM 11Nov22 180 call (IWM221111C180)
STC 1 IWM 16Dec22 188 call (IWM221216C188) for a debit of $1.75 (selling a diagonal) (100%)
BTC 1 IWM 11Nov22 182 call (IWM221111C182)
STC 1 IWM 16Dec22 186 call (IWM221216C186) for a credit of $1.25 (selling a diagonal) (100%)
BTC 1 IWM 11Nov22 183 call (IWM221111C183)
STC 1 IWM 16Dec22 184 call (IWM221216C184) for a credit of $3.60 (selling a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.
Happy trading.
Terry
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