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

We can reduce delta and increase theta by starting to roll out to next week and lowering some strikes:

BTC 1 COST 03Apr20 300 call (COST200403C300)
STO 1 COST 09Apr20 290 call (COST200409C290) for a credit of $3.70 (selling a diagonal)

BTO 1 COST 15May20 290 call (COST200515C290)
STC 1 COST 15May20 300 call (COST200515C300) for a debit of $4.30 (buying a vertical)

BTC 1 COST 03Apr20 290 put (COST200403P290)
STO 1 COST 03Apr20 285 put (COST200403P285) for a debit of $3.30 (buying a vertical)

BTO 1 COST 15May20 285 put (COST200515P285)
STC 1 COST 15May20 290 put (COST200515P290) for a credit of $2.50 (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