March 6, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have some uncovered long calls we can sell against to pick up a little premium and add on a new spread:

STO 2 IWM 08Mar19 155 calls (IWM190308C155) for $1.41

BTO 1 IWM 17May19 155 put (IWM190517P155)
STO 1 IWM 08Mar19 155 put (IWM190308P155) for a debit of $3.47 (buying a calendar)

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

Happy trading.

Terry