March 7, 2019 Terry’s Tips Trade Alert #3 – Rising Tide Portfolio

We need to get some short options to lower strikes:

BTC 2 IWM 08Mar19 155 puts (IWM190308P155)
STC 2 IWM 17May19 155 puts (IWM190517P155) for a credit of $2.83 (selling a calendar)

BTC 2 IWM 08Mar19 156 puts (IWM190308P156)
STC 2 IWM 18Apr19 156 puts (IWM190418P156) for a credit of $1.63 (selling a calendar)

BTC 1 IWM 08Mar19 156 put (IWM190308P156)
STC 1 IWM 17May19 156 put (IWM190517P156) for a credit of $2.39 (selling a calendar)

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

Happy trading.

Terry