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

We can increase theta considerably by creating some diagonal spreads instead of calendars:

BTC 2 IWM 15Feb19 150 calls (IWM190215C150)
STO 2 IWM 15Feb19 153.5 calls (IWM190215C153.5) for a debit of $2.70 (buying a vertical)

BTC 2 IWM 15Feb19 151 calls (IWM190215C151)
STO 2 IWM 15Feb19 154 calls (IWM190215C154) for a debit of $2.05 (buying a vertical)

STC 2 IWM 18Apr19 156 calls (IWM190418C156) for $2.25

STC 1 IWM 18Apr19 157 call (IWM190418C157) for $2.72

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

Happy trading.

Terry