August 4, 2020 Terry’s Tips Trade Alert  #3 – Rising  Tide Portfolio

With COST up 2.3%, we remain negative net delta:

BTC 1 COST 07Aug20 332.5 call (COST200807C332.5)
STO 1 COST 07Aug20 340 call (COST200807C340) for a debit of $3.80 (buying a vertical)

BTO 1 COST 18Sep20 335 call (COST200918C335)
STC 1 COST 18Sep20 330 call (COST200918C330) for a credit of $3.00 (selling a vertical)

BTC 1 COST 07Aug20 325 put (COST200807P325)
STO 1 COST 07Aug20 340 put (COST200807P340)
BTO 1 COST 16Oct20 340 put (COST201016P340)
STC 1 COST 16Oct20 325 put (COST201016P325) for a debit of $1.60 (buying a vertical roll)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry