April 16, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 1 COST 17Apr20 295 put (COST200417P295)
STO 1 COST 24Apr20 315 put (COST200424P315) for a credit of $5.15 (selling a diagonal)

BTC 1 COST 17Apr20 300 put (COST200417P300)
STO 1 COST 24Apr20 310 put (COST200424P310) for a credit of $3.25 (selling a diagonal)

BTO 1 COST 19Jun20 315 put (COST200619P315)
STC 1 COST 19Jun20 295 put (COST200619P295) for a debit of $7.05 (buying a vertical)

BTO 1 COST 19Jun20 310 put (COST200619P310)
STC 1 COST 19Jun20 300 put (COST200619P300) for a debit of $3.55 (buying a vertical)

BTC 1 COST 17Apr20 307.5 call (COST200417C307.5)
STO 1 COST 17Apr20 317.5 call (COST200417C317.5) for a debit of $7.65 (buying a vertical)

BTO 1 COST 19Jun20 320 call (COST200619C320)
STC 1 COST 15May20 300 call (COST200515C300) for a credit of $6.40 (selling a diagonal)

BTC 1 COST 17Apr20 310 call (COST200417C310)
STO 1 COST 17Apr20 320 call (COST200417C320)
BTO 1 COST 15May20 320 call (COST200515C320)
STC 1 COST 15May20 310 call (COST200515C310) for a debit of $0.60 (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