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

We have become negative net delta:

BTC 2 IWM 15Feb19 146 puts (IWM190215P146) 
STC 2 IWM 18Apr19 146 puts (IWM190418P146) for a credit of $2.60 (selling a calendar)

BTO 1 IWM 18Apr19 153 call (IWM190418C153)
STO 1 IWM 15Feb19 153 call (IWM190215C153) for a debit of $2.75 (buying a calendar)

BTO 2 IWM 18Apr19 154 calls (IWM190418C154)
STO 2 IWM 15Feb19 154 calls (IWM190215C154) for a debit of $2.40 (buying a calendar)

BTC 1 IWM 22Feb19 144 call (IWM190222C144)
STC 1 IWM 18Apr19 144 call (IWM190418C144) for a credit of $2.04 (selling a calendar)

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

Happy trading.

Terry