January 16, 2019 Terry’s Tips Trade Alert Rising Tide Portfolio

We have become negative net delta:

BTC 1 IWM 18Jan19 138 call (IWM190118C138)
STC 1 IWM 29Mar19 138 call (IWM190329C138) for a credit of $2.80 (selling a calendar)

BTC 1 IWM 18Jan19 138 put (IWM190118P138)
STC 1 IWM 29Mar19 138 put (IWM190329P138) for a credit of $2.60 (selling a calendar)

BTO 2 IWM 29Mar19 148 calls (IWM190329C148)
BTC 2 IWM 25Jan19 148 calls (IWM190125C148) for a debit of $3.11 (buying a calendar)

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

Happy trading.

Terry