August 25, 2020 Terry’s Tips Trade Alert  - Rising  Tide Portfolio

We have become uncomfortably long:

BTC 1 COST 28Aug20 345 put (COST200828P345)
STO 1 COST 28Aug20 340 put (COST200828P340)
BTO 1 COST 16Oct20 340 put (COST201016P340)
STC 1 COST 16Oct20 345 put (COST201016P345) for a debit of $0.45 (buying a vertical roll)

BTC 1 COST 28Aug20 350 call (COST200828C350)
STO 1 COST 28Aug20 342.5 call (COST200828C342.5) for a credit of $1.75 (selling a vertical)

BTO 1 COST 16Oct20 340 call (COST201016C340)
STC 1 COST 16Oct20 350 call (COST201016C350) for a debit of $4.90 (buying a vertical)

BTC 1 COST 28Aug20 345 call (COST200828C345)
STO 1 COST 28Aug20 342.5 call (COST200828C342.5) for a credit of $0.85 (selling a vertical)


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

Happy trading.

Terry