February 27, 2019 Terry’s Tips Trade Alert  - Rising Tide Portfolio

We need to establish more short options at a lower strike:

 

BTC 2 IWM 01Mar19 160 calls (IWM190301C160)

STC 2 IWM 18Apr19 162 calls (IWM190418C162) for a credit of $1.28 (selling a diagonal) 

 

BTO 1 IWM 17May19 156 put (IWM190517P156)

STO 1 IWM 8Mar19 156 put (IWM190308P156) for a debit of $2.94  (buying a calendar) 

 

BTO 1 IWM 17May19 157 put (IWM190517P157)

STO 1 IWM 1Mar19 157 put (IWM190301P157) for a debit of $3.65  (buying a calendar) 

 

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

  
Happy trading.

Terry