February 11, 2019 Terry’s Tips Trade Alert #2  – Rising Tide Portfolio

We are not quite negative net delta but it is getting close:

BTC 2 IWM 15Feb19 147 puts (IWM190215P147) 
STC 2 IWM 18Apr19 147 puts (IWM190418P147) for a credit of $2.70 (selling a calendar)

BTO 1 IWM 17May19 153 call (IWM190517C153)
STO 1 IWM 15Feb19 153 call (IWM190215C153) for a debit of $3.94 (buying a calendar)

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

Happy trading.

Terry