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

With the stock up over $4 today, our range of strikes is too low:

BTC 1 IWM 11Jan19 129 put (IWM1901119P129)
STC 1 IWM 29Mar19 129 put (IWM190329P129) for a credit of $3.28 (selling a calendar) 

BTC 1 IWM 11Jan19 130 put (IWM1901119P130)
STC 1 IWM 29Mar19 130 put (IWM190329P130) for a credit of $3.48 (selling a calendar)

BTO 2 IWM 29Mar19 142 calls (IWM190329C142)
STO 2 IWM 11Jan19 142 calls (IWM190111C142) for a debit of $3.42 (buying a calendar)

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

Happy trading.

Terry