August 16, 2021 Terry’s Tips Trade Alert - Rising Tide Portfolio

We have become negative net delta:


BTC 1 COST 20Aug21 440 put (COST210820P440)
STO 1 COST 20Aug21 450 put (COST210820P450) for a credit of $2.05 (selling a vertical) (100%)

BTO 1 COST 17Sep21 450 put (COST210917P450)
STC 1 COST 17Sep21 440 put (COST210917P440) for a debit of $3.70 (buying a vertical) (50%)

BTC 1 COST 20Aug21 447.5 call (COST210820C447.5)
STO 1 COST 20Aug21 455 call (COST210820C455) for a debit of $4.00 (buying a vertical) (50%)

BTO 1 COST 15Oct21 455 call (COST211015C455)
STC 1 COST 17Sep21 450 call (COST210917C540) for a debit of $2.65 (buying a diagonal) (100%)


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

Happy trading.

Terry