August 8, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 3 COST 09Aug19 265 puts (COST190809P265)
STO 3 COST 09Aug19 272.5 puts (COST190809P272.5) for a credit of $1.35 (selling a vertical)

BTO 3 COST 27Sep19 272.5 puts (COST190927P272.5)
STC 3 COST 20Sep19 265 puts (COST190920P265) for a debit of $3.57 (buying a diagonal)

BTC 2 COST 09Aug19 267.5 calls (COST190809C267.5)
STC 2 COST 13Sep19 267.5 calls (COST190913C267.5) for a credit of $4.32 (selling a calendar)

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

Happy trading.

Terry