August 28, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio  

      

We are negative net delta:  

 

BTC 3 COST 30Aug19 285 calls (COST190830C285)
STO 3 COST 30Aug19 300 calls (COST190830C300) for a debit of $10.90 (buying a vertical)

BTC 1 COST 30Aug19 287.5 call (COST190830C287.5)
STO 1 COST 30Aug19 297.5 call (COST190830C297.5) for a debit of $7.45 (buying a vertical)

BTO 1 COST 27Sep19 295 call (COST190927C295)
STC 1 COST 27Sep19 280 call (COST190927C280) for a credit of $10.40 (selling a vertical)

BTO 1 COST 27Sep19 297.5 call (COST190927C297.5)
STC 1 COST 27Sep19 285 call (COST190927C285) for a credit of $7.60 (selling a vertical)

BTO 2 COST 18Oct19 300 calls (COST191018C300)
STC 2 COST 18Oct19 285 calls (COST191018C285) for a credit of $9.15 (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