April 6, 2020 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We’ll continue increasing delta by raising put strikes:

BTC 1 COST 09Apr20 280 put (COST200409P280)
STO 1 COST 09Apr20 295 put (COST200409P295)
BTO 1 COST 15May20 295 put (COST200515P295)
STC 1 COST 15May20 280 put (COST200515P280) for a debit of $2.50 (selling a vertical roll)

BTC 2 COST 09Apr20 285 puts (COST200409P285)
STO 2 COST 09Apr20 300 puts (COST200409P300)
BTO 2 COST 15May20 300 puts (COST200515P300)
STC 2 COST 15May20 285 puts (COST200515P285) for a debit of $1.70 (selling a vertical roll)

BTC 1 COST 09Apr20 280 put (COST200409P280)
STC 1 COST 15May20 280 put (COST200515P280) for a credit of $5.60 (selling a calendar)



Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry