November 12, 2024 Terry’s Tips Trade Alert – Boomer’s Revenge Portfolio
We are adding spreads to lower delta:
BTO 1 IWM 20Dec24 235 put (IWM241220P235)
STO 1 IWM 22Nov24 234 put (IWM241122P234) for a debit of $3.25 (buying a diagonal)
BTO 1 IWM 20Dec24 235 put (IWM241220P235)
STO 1 IWM 22Nov24 232 put (IWM241122P232) for a debit of $3.80 (buying a calendar)
BTO 1 IWM 20Dec24 235 put (IWM241220P235)
STO 1 IWM 22Nov24 230 put (IWM241122P230) for a debit of $4.20 (buying a diagonal)
BTO 1 IWM 20Dec24 235 put (IWM241220P235)
STO 1 IWM 22Nov24 228 put (IWM241122P228) for a debit of $4.45 (buying a diagonal)
BTO 1 IWM 20Dec24 240 call (IWM241220C240)
STO 1 IWM 22Nov24 235 call (IWM241122C235) for a debit of $0.55 (buying a diagonal)
Be prepared to change this (these) price limit(s) by $.05 or more to get an execution.
Happy trading,
Jon
Follow Terry's Tips on Twitter
Like Terry's Tips on Facebook
Watch Terry's Tips on YouTube