Our 2nd new position for the MTP is one I am thrilled with and that's Imax (IMAX), who have been clobbered on the China shut-down and New Years is their big time of year but, as a long-term investment, this too shall pass and it's incredible that we get to jump into this stock this cheaply so our trade idea will be:

Sell 10 IMAX Sept $18 puts at $2.50 ($2,500)

Buy 20 IMAX Sept $15 calls at $3 ($6,000)

Sell 20 IMAX Sept $20 calls at $1 ($2,000)

I believe you had asked us to buyback the short $20 calls

Thanks.