August 16, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 3 COST 16Aug19 270 puts (COST190816P270) for $0.05 (no commission)

STO 3 COST 23Aug19 275 puts (COST190823P275) for $3.66

BTO 3 COST 18Oct19 275 puts (COST191018P275)
STC 3 COST 18Oct19 270 puts (COST191018P270) for a debit of $2.20 (buying a vertical)

BTC 3 COST 16Aug19 270 calls (COST190816C270)
STO 3 COST 23Aug19 275 calls (COST190823C275) for a debit of $1.27 (selling a diagonal)

BTC 2 COST 16Aug19 275 calls (COST190816C275)
STO 2 COST 23Aug19 277.5 calls (COST190823C277.5) for a credit of $1.25 (selling a diagonal)

BTC 1 COST 16Aug19 277.5 call (COST190816C277.5)
STO 1 COST 23Aug19 277.5 call (COST190823C277.5) for a credit of $1.40 (selling a calendar)

BTO 1 COST 27Sep19 275 call (COST190927C275)
STC 1 COST 13Sep19 270 call (COST190913C270) for a credit of $1.33 (buying a diagonal)

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

Happy trading.

Terry