February 25, 2019 Terry’s Tips Trade Alert  – Rising Tide Portfolio

These trades will add a put to the mix and extend our long side out another month while increasing net delta:

BTC 1 IWM 1Mar18 156 call (IWM190301C156)
STC 1 IWM 18Apr19 154 call (IWM190418C154) for a credit of $3.53 (selling a diagonal)

BTO 1 IWM 17May19 160 put (IWM190517P160)
STO 1 IWM 1Mar18 160 put (IWM190301P160) for a debit of $3.18 (buying a calendar)

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

Happy trading.

Terry