April 21, 2020 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We need to further reduce delta:

BTC 1 COST 24Apr20 315 call (COST200424C315)
STO 1 COST 24Apr20 300 call (COST200424C300)
BTO 1 COST 19Jun20 300 call (COST200619C300)
STC 1 COST 19Jun20 315 call (COST200619C315) for a debit of $2.65 (selling a vertical roll)

BTC 1 COST 24Apr20 312.5 call (COST200424C312.5)
STO 1 COST 24Apr20 302.5 call (COST200424C302.5)
BTO 1 COST 19Jun20 300 call (COST200619C300)
STC 1 COST 19Jun20 310 call (COST200619C310) for a debit of $2.25 (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