April 24, 2019 Terry’s Tips Trade Alert  – Rising Tide Portfolio    

We have become negative net delta:

BTC 1 COST 26Apr19 245 put (COST190426P245)
STO 1 COST 26Apr19 250 put (COST190426P250) for a credit of $1.98 (selling a vertical)

BTO 1 COST 21Jun19 250 put (COST190621P250)
STC 1 COST 21Jun19 245 put (COST190621P245) for a debit of $2.29 (buying a vertical) 

Be prepared to change these prices by $.05 or more in order to get an execution

Happy trading.

Terry