Subject: December 11, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

December 11, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

With COST lower this morning, we can use our available cash to buy a lower-strike put calendar spread ahead of tomorrow’s earnings:
 

BTO 1
COST 17Jan20 285 put (COST200117P285)
STO 1
COST 13Dec19 285 put (COST191213P285) for a debit of $2.90 (buying a calendar)


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

Happy trading.

Terry

 

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