April 29, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We need to lower delta:

BTC 1 COST 01May20 315 call (COST200501C315)
STC 1 COST 19Jun20 315 call (COST200619C315) for a credit of $7.00 (selling a calendar)

BTC 1 COST 01May20 312.5 call (COST200501C312.5)
STO 1 COST 01May20 305 call (COST200501C305)
BTO 1 COST 19Jun20 310 call (COST200619C310)
STC 1 COST 19Jun20 320 call (COST200619C320) for a debit of $2.40 (selling a vertical roll)

BTC 1 COST 01May20 310 call (COST200501C310)
STO 1 COST 01May20 302.5 call (COST200501C302.5)
BTO 1 COST 19Jun20 300 call (COST200619C300)
STC 1 COST 19Jun20 305 call (COST200619C305) for a debit of $0.50 (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