February 5, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

STC 2 IWM 18Apr19 147 call (IWM190418C147)
BTC 2 IWM 08Feb19 147 call (IWM190208C147) for a credit of $2.90 (selling a calendar)

BTO 2 IWM 18Apr19 153 call (IWM190418C153)
STO 2 IWM 8Feb19 153 call (IWM190208C153) for a debit of $3.38 (buying a calendar)

STO 2 IWM 15Feb19 148 call (IWM190215C148)
BTC 2 IWM 08Feb19 148 call (IWM190208C148) for a credit of $.40 (selling a calendar)

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

Happy trading.

Terry