August 22, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 3 COST 23Aug19 275 calls (COST190823C275)
STO 3 COST 23Aug19 280 calls (COST190823C280) for a debit of $3.09 (buying a vertical)

BTO 1 COST 04Oct19 280 call (COST191004C280)
STC 1 COST 13Sep19 272.5 call (COST190913C272.5) for a credit of $0.91 (buying a diagonal)

BTO 2 COST 27Sep19 280 calls (COST190927C280)
STC 2 COST 27Sep19 270 calls (COST190927C270) for a credit of $6.28 (selling a vertical)

BTC 3 COST 23Aug19 275 puts (COST190823P275)
STO 3 COST 23Aug19 280 puts (COST190823P280) for a credit of $1.95 (selling a vertical)

BTO 3 COST 18Oct19 280 puts (COST191018P280)
STC 3 COST 18Oct19 275 puts (COST191018P275) for a debit of $2.21 (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