February 21, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

The stock is looking weak and we can lower net delta with these trades:

BTC 2 IWM 22Feb19 158 calls (IWM190222C158)
STO 2 IWM 1Mar19 158 calls (IWM190301C158) for a credit of $.57 (selling a calendar)

STO 1 IWM 1Mar19 156 call (IWM190301C156) for $1.66

BTO 1 IWM 18Apr19 156 put (IWM190418P156)
STO 1 IWM 22Feb19 156 put (IWM190222P156) for a debit of $3.14 (buying a calendar)

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

Happy trading.

Terry