I have some blue Trim Monokote, but no red and white. The three bands are cut to 3/8" wide.
TIP: To make a red band decal I sprayed gloss red paint on a white background decal sheet. This will transfer like a regular water slide decal. No clear coat is needed with a spray paint decal. Cut a paint decal with a very sharp knife to avoid any flaking.
The white band is just the white decal sheet into a strip. No gloss clear coat is needed. The white also transfers like a normal water slide, it just feels slimy. A clear coat would get rid of the slimy feel, but really isn't needed in this application.
A blue Trim Monokote band goes on first right on top of the paint mask line. To keep it out of view, the end overlap is in line with a fin on the back launch lug side.
I thought I might have to do a double layer of the white decal. Sometimes a single white decal layer is translucent over a darker color. On the light gray it looked okay.
The cut red spray paint decal followed.
Look to the right of the lower fin and you can see the overlaps. All three are in line and won't be seen when the rocket is on the launcher with the lug in back.