April 3, 2019 Terry’s Tips Trade Alert   – Rising Tide  Portfolio  

We have become negative net delta:

BTC 1 IWM 05Apr19 154 put (IWM190405P154)
STO 1 IWM 05Apr19 157 p8t (IWM190405P157) for a credit of $1.32 (selling a vertical)

BTO 1 IWM 21Jun19 157 put (IWM190621P157)
STC 1 IWM 21Jun19 154 put (IWM190621P15) for a debit of $1.26 (buying a vertical)

BTC 2 IWM 05Apr19 154.5 calls (IWM190405C154.5)
STO 2 IWM 05Apr19 156.5 calls (IWM190405C156.5) for a debit of $ 1.32 (buying a vertical)

BTO 1 IWM 17May19 157 call (IWM190517C157)
STC 1 IWM 17May19 152 call (IWM190517C152) for a credit of $3.16 (selling a vertical)

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

Happy trading.

Terry