April 17, 2020 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We will roll out more short calls and use our excess cash to roll out some long positions from May to June:

BTC 1 COST 17Apr20 315 call (COST200417C315)
STO 1 COST 24Apr20 315 call (COST200424C315) for a credit of $3.80 (selling a calendar)

BTC 1 COST 17Apr20 315 call (COST200417C315)
STO 1 COST 24Apr20 322.5 call (COST200424C322.5) for a credit of $0.40 (selling a diagonal)

BTO 1 COST 19Jun20 310 call (COST200619C310)
STC 1 COST 15May20 310 call (COST200515C310) for a debit of $6.20 (buying a calendar)

BTO 1 COST 19Jun20 320 call (COST200619C320)
STC 1 COST 15May20 315 call (COST200515C315) for a debit of $3.60 (buying a diagonal)
 

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

Happy trading.

Terry