January 30, 2019 Terry’s Tips Trade Alert – Rising Tide  Portfolio

We have become negative net delta:

BTC 2 IWM 01Feb19 142 puts (IWM190201P142)
STC 2 IWM 18Apr19 142 puts (IWM190418P142) for a credit of $3.00 (selling a calendar)

BTC 1 IWM 01Feb19 143 put (IWM190201P143)
STC 1 IWM 29Mar19 143 put (IWM190329P143) for a credit of $2.71 (selling a calendar)

BTO 2 IWM 18Apr19 152 calls (IWM190418C152)
STO 2 IWM 08Feb19 152 calls (IWM190208C152) for a debit of $2.66 (buying a calendar)

BTO 1 IWM 18Apr19 149 call (IWM190418C149)
STO 1 IWM 01Feb19 149 call (IWM190201C149) for a debit of $4.02 (buying a calendar

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

Happy trading.

Terry