February 15, 2019 Terry’s Tips Trade Alert  #3 – Rising Tide  Portfolio

With IWM up over $2 today we have become negative net delta:

BTC 1 IWM 22Feb19 151 call (IWM190222C151)
STC 1 IWM 18Apr19 150 call (IWM190418C150) for a credit of $2.96 (selling a diagonal)

BTC 2 IWM 22Feb19 152 calls (IWM190222C152)
STC 2 IWM 18Apr19 152 calls (IWM190418C152) for a credit of $2.40 (selling a calendar)

BTC 2 IWM 22Feb19 152.5 calls (IWM190222C152.5)
STC 2 IWM 18Apr19 153 calls (IWM190418C153) for a credit of $2.14 (selling a diagonal)

BTO 2 IWM 18Apr19 157 calls (IWM190418C157)
STO 2 IWM 22Feb19 157 calls (IWM190222C157) for a debit of $2.75 (buying a calendar)

BTO 2 IWM 18Apr19 158 calls (IWM190418C158)
STO 2 IWM 22Feb19 158 calls (IWM190222C158) for a debit of $2.60 (buying a calendar)

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

Happy trading.

Terry