April 14, 2020 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We remain negative net delta:

BTC 1 COST 17Apr20 290 put (COST200417P290)
STC 1 COST 19Jun20 290 put (COST200619P290) for a credit of $7.80 (selling a calendar)

BTC 1 COST 17Apr20 295 put (COST200417P295)
STC 1 COST 15May20 295 put (COST200515P295) for a credit of $4.00 (selling a calendar)

BTC 2 COST 17Apr20 305 calls (COST200417C305)
STO 2 COST 17Apr20 315 calls (COST200417C315) for a debit of $6.20 (buying a vertical)

BTO 1 COST 19Jun20 315 call (COST200619C315)
STC 1 COST 19Jun20 305 call (COST200619C305) for a credit of $5.60 (selling a vertical)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry