December 17, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:
 
BTC 2 COST 20Dec19 287.5 puts (COST191220P287.5)
STO 2 COST 20Dec19 295 puts (COST191220P295) for a credit of $1.05 (selling a vertical)

BTC 2 COST 20Dec19 290 puts (COST191220P290)
STO 2 COST 20Dec19 297.5 puts (COST191220P297.5) for a credit of $2.40 (selling a vertical)

BTO 1 COST 10Jan20 295 put (COST200110P295)
STC 1 COST 10Jan20 287.5 put (COST200110P287.5) for a debit of $2.40 (buying a vertical)

BTO 1 COST 17Jan20 300 put (COST200117P300)
STC 1 COST 17Jan20 295 put (COST200117P295) for a debit of $2.65 (buying a vertical)


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

Happy trading.

Terry