August 27, 2019 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

     

We have become negative delta:

 

BTC 3 COST 30Aug19 280 puts (COST190830P280)

STO 3 COST 30Aug19 290 puts (COST190830P290) for a credit of $3.90 (selling a vertical)

BTO 3 COST 18Oct19 290 puts (COST191018P290)

STC 3 COST 18Oct19 280 puts (COST191018P280) for a debit of $4.35 (buying a vertical)

BTO 1 COST 27Sep19 285 call (COST190927C285)

STC 1 COST 27Sep19 275 call (COST190927C275) for a credit of $6.75 (selling a vertical)

BTC 1 COST 30Aug19 280 call (COST190830C280)

STO 1 COST 30Aug19 287.5 call (COST190830C287.5) for a debit of $5.35 (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