February 13, 2019 Terry’s Tips Trade Alert #2 – Rising Tide  Portfolio

It might be nice to collect a little premium and use the proceeds to extend the life of one of our long calls:

STO 1 IWM 15Feb19 153.5 call (IWM190215C153.5) for $.83

BTC 1 IWM 15Feb19 151 call (IWM190215C151)
STO 1 IWM 22Feb19 151 call (IWM190222C151) for a credit of $.42 (selling a calendar)

BTO 1 IWM 17May19 155 call (IWM190517C155)
STC 1 IWM 18Apr19 155 call (IWM190418C155) for a debit of $1.08  (buying a calendar)

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

Happy trading.

Terry