January 11, 2019 Terry’s Tips Trade Alert #4 – Rising Tide  Portfolio

We have become negative net delta and we can get another well in-the-money call spread over to puts:

BTC 1 IWM 18Jan19 139 call (IWM190118C139)
STC 1 IWM 29Mar19 139 call (IWM190329C139) for a credit of $3.62 (selling a calendar)

BTO 1 IWM 29Mar19 143 put (IWM190329P143)
STO 1 IWM 18Jan19 143 put (IWM190118P143) for a debit of $3.95 (buying a vertical)

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

Happy trading.

Terry