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

     

We have become negative delta:

 

BTC 2 COST 30Aug19 275 calls (COST190830C275)

STC 2 COST 27Sep19 275 calls (COST190927C275) for a credit of $2.85 (selling a calendar)

BTC 1 COST 30Aug19 277.5 puts (COST190830P277.5)

STC 1 COST 27Sep19 277.5 puts (COST190927P277.5) for a credit of $3.35 (selling a calendar)

BTC 3 COST 30Aug19 277.5 calls (COST190830C277.5)

STO 3 COST 30Aug19 285 calls (COST190830C285) for a debit of $5.70 (buying a vertical)

BTO 2 COST 18Oct19 285 calls (COST191018C277.5)

STC 2 COST 18Oct19 275 calls (COST191018C285) for a credit of $6.20 (selling a vertical)

BTC 2 COST 30Aug19 277.5 puts (COST190830P277.5)

STO 2 COST 30Aug19 285 puts (COST190830P285) for a credit of $2.15 (selling a vertical)

 

BTO 2 COST 04Oct19 285 puts (COST191004P285)

STC 2 COST 04Oct19 280 puts (COST191004P280) for a debit of $2.10 (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