April 7, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We need to raise delta:

BTC 2 COST 09Apr20 290 calls (COST200409C290)
STO 2 COST 09Apr20 310 calls (COST200409C310)
BTO 2 COST 15May20 310 calls (COST200515C310)
STC 2 COST 15May20 290 calls (COST200515C290) for a debit of $2.00 (selling a vertical roll)

BTC 1 COST 09Apr20 285 put (COST200409P285)
STC 1 COST 19Jun20 285 put (COST200619P285) for a credit of $9.00 (selling a calendar)

BTC 1 COST 09Apr20 295 call (COST200409C295)
STO 1 COST 09Apr20 310 call (COST200409C310)
BTO 1 COST 15May20 310 call (COST200515C310)
STC 1 COST 15May20 295 call (COST200515C295) for a debit of $1.40 (selling a vertical roll)

BTC 1 COST 09Apr20 290 put (COST200409P290)
STO 1 COST 09Apr20 305 put (COST200409P305)
BTO 1 COST 15May20 305 put (COST200515P305)
STC 1 COST 15May20 290 put (COST200515P290) for a debit of $2.10 (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