April 4, 2018 Terry’s Tips Trade Alert– Rising Tide Portfolio

The short 180 puts are in danger of being assigned, so we will roll them to a lower strike: 

BTC 3 MA 06Apr18 180 puts (MA180406P180)

STO 3 MA 13Apr18 177.5 puts (MA180406P177.5) for a debit of $1.63  (selling a diagonal) 

BTO 3 MA 27Apr18 177.5 puts (MA180427P177.5)

STC 3 MA 27Apr18 180 puts (MA180427P180) for a credit of $1.89  (selling a vertical) 

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

Happy trading.

Terry