August 27, 2018 Terry’s Tips Trade – Rising Tide Portfolio

We have become negative net delta:

BTC 2 MA 31Aug18 205 puts (MA180831P205)
STO 2 MA 07Sep18 212.5 puts (MA180907P212.5) for a credit of $2.61 (selling a diagonal)

BTO 2 MA 28Sep18 212.5 puts (MA180928P212.5)
STC 2 MA 28Sep18 205 puts (MA180928P205) for a debit of $2.78 (buying a vertical)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

Terry