February 22, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become seriously negative net delta:

BTC 1 IWM 22Feb19 155.5 call (IWM190222C155.5)
STC 1 IWM 18Apr19 153 call (IWM190418C153) for a credit of $4.60 (selling a diagonal)

BTC 1 IWM 22Feb19 155.5 call (IWM190222C155.5)
STC 1 IWM 17May19 153 call (IWM190517C153) for a credit of $5.63 (selling a diagonal)

BTC 1 IWM 22Feb19 155.5 call (IWM190222C155.5)
STO 1 IWM 1Mar18 158 call (IWM190301C158) for a debit of $1.13 (selling a diagonal)

BTC 2 IWM 22Feb19 156 calls (IWM190222C156)
STO 2 IWM 1Mar18 158 calls (IWM190301C158) for a debit of $.67 (selling a diagonal)

BTC 2 IWM 22Feb19 156.5 calls (IWM190222C156.5)
STO 2 IWM 1Mar18 159 calls (IWM190301C159) for a debit of $.67 (selling a diagonal)

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

Happy trading.

Terry