April 30, 2018 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We should get longer with the stock up over $3:

BTC 3 MA 04May18 175 puts (MA180504P175)
STO 3 MA 04May18 180 puts (MA180504P180) for a credit of $1.83 (selling a vertical)

BTC 1 MA 04May18 175 put (MA180504P175)
STC 1 MA 08Jun18 175 put (MA180608P175) for a credit of $2.08 (selling a calendar)

BTO 3 MA 08Jun18 180 puts (MA180608P180)
STC 3 MA 08Jun18 175 puts (MA180608P175) for a debit of $2.07 (buying a vertical)

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

Happy trading.

Terry