April 1, 2019 Terry’s Tips Trade Alert  – Rising Tide  Portfolio  

We have become negative net delta:

BTC 1 IWM 05Apr19 152 call (IWM190405C152)
STO 1 IWM 05Apr19 156 call (IWM190405C156) for a debit of $2.60 (buying a vertical)

BTC 2 IWM 05Apr19 153 calls (IWM190405C153)
STO 2 IWM 05Apr19 154.5 calls (IWM190405C154.5) for a debit of $1.05 (buying a vertical)

BTO 1 IWM 17May19 158 call (IWM190517C158)
STC 1 IWM 17May19 151 call (IWM190517C151) for a credit of $4.20 (selling a vertical)

Be prepared to change these prices by $.05 or more in order to get an execution. 

Happy trading.

Terry