August 29, 2018 Terry’s Tips Trade Alert – Rising Tide  Portfolio

We have become negative net delta:

BTC 1 MA 31Aug18 210 put (MA180831P210)
STC 1 MA 05Oct18 210 put (MA181005P210) for a credit of $2.40 (selling a calendar)

BTO 2 MA 05Oct18 215 puts (MA181005P215)
STO 2 MA 31Aug18 215 puts (MA180831P215) for a debit of $3.30 (buying a calendar)

BTC 2 MA 31Aug18 210 calls (MA180831C210)
STO 2 MA 31Aug18 215 calls (MA180831C215) for a debit of $4.03 (buying a vertical)

BTO 2 MA 28Sep18 215 calls (MA180928C215)
STC 2 MA 28Sep18 207.5 calls (MA180928C207.5) for a credit of $5.10 (selling a vertical)

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

Happy trading.

Terry