April 9, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We will start rolling out to next week by lowering some call strikes to lower delta:

BTC 2 COST 09Apr20 310 calls (COST200409C310)
STO 2 COST 17Apr20 305 calls (COST200417C305) for a credit of $3.20 (selling a diagonal)

BTC 1 COST 09Apr20 310 call (COST200409C310)
STO 1 COST 17Apr20 300 call (COST200417C300) for a credit of $5.30 (selling a diagonal)

BTO 1 COST 15May20 290 call (COST200515C290)
STC 1 COST 15May20 310 call (COST200515C310) for a debit of $10.80 (buying a vertical)


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

Happy trading.

Terry