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

We need to reduce delta:

BTC 1 COST 24Apr20 315 put (COST200424P315)
STO 1 COST 24Apr20 305 put (COST200424P305)
BTO 1 COST 19Jun20 305 put (COST200619P305)
STC 1 COST 19Jun20 315 put (COST200619P315) for a debit of $1.50 (selling a vertical roll)

BTC 1 COST 24Apr20 310 put (COST200424P310)
STO 1 COST 24Apr20 300 put (COST200424P300)
BTO 1 COST 19Jun20 300 put (COST200619P300)
STC 1 COST 19Jun20 310 put (COST200619P310) for a debit of $0.30 (selling a vertical roll)

BTC 1 COST 24Apr20 322.5 call (COST200424C322.5)
STC 1 COST 19Jun20 320 call (COST200619C320) for a credit of $10.20 (selling a diagonal)

BTC 1 COST 24Apr20 320 call (COST200424C320)
STO 1 COST 24Apr20 305 call (COST200424C305)
BTO 1 COST 19Jun20 305 call (COST200619C305)
STC 1 COST 19Jun20 320 call (COST200619C320) for a debit of $2.90 (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