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

We need to increase delta. We’ll start with raising call strikes:

BTC 1 COST 09Apr20 285 call (COST200409C285)
STO 1 COST 09Apr20 300 call (COST200409C300)
BTO 1 COST 15May20 300 call (COST200515C300)
STC 1 COST 15May20 285 call (COST200515C285) for a debit of $2.10 (selling a vertical roll)

BTC 1 COST 09Apr20 290 call (COST200409C290)
STO 1 COST 09Apr20 305 call (COST200409C305)
BTO 1 COST 15May20 305 call (COST200515C305)
STC 1 COST 15May20 290 call (COST200515C290) for a debit of $0.30 (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