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

We have become negative net delta:

BTC 1 COST 17Apr20 290 put (COST200417P290)
STO 1 COST 17Apr20 300 put (COST200417P300)
BTO 1 COST 19Jun20 300 put (COST200619P300)
STC 1 COST 19Jun20 290 put (COST200619P290) for a debit of $2.50 (selling a vertical roll)

BTC 1 COST 17Apr20 297.5 call (COST200417C297.5)
STO 1 COST 17Apr20 307.5 call (COST200417C307.5)
BTO 1 COST 15May20 300 call (COST200515C300)
STC 1 COST 15May20 290 call (COST200515C290) for a debit of $0.70 (selling a vertical roll)

BTC 1 COST 17Apr20 300 call (COST200417C300)
STO 1 COST 17Apr20 310 call (COST200417C310)
BTO 1 COST 15May20 310 call (COST200515C310)
STC 1 COST 15May20 300 call (COST200515C300) for a debit of $0.95 (selling a vertical roll)

BTC 1 COST 17Apr20 302.5 call (COST200417C302.5)
STO 1 COST 17Apr20 312.5 call (COST200417C312.5)
BTO 1 COST 15May20 315 call (COST200515C315)
STC 1 COST 15May20 305 call (COST200515C305) for a debit of $0.80 (selling a vertical roll)


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

Happy trading.

Terry