December 2, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

We need to reduce delta:
 
BTC 2 COST 06Dec19 302.5 puts (COST191206P302.5)
STO 2 COST 06Dec19 295 puts (COST191206P295) for a debit of $4.60 (buying a vertical)

BTO 1 COST 17Jan20 295 put (COST200117P295)
STC 1 COST 17Jan20 305 put (COST200117P305) for a credit of $5.15 (selling a vertical)

BTC 2 COST 06Dec19 307.5 calls (COST191206C307.5)
STO 2 COST 06Dec19 300 calls (COST191206C300) for a credit of $1.20 (selling a vertical)

BTO 1 COST 10Jan20 292.5 put (COST200110P292.5)
STC 1 COST 20Dec19 300 put (COST191220P300) for a credit of $2.15 (buying a diagonal)



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

Happy trading.

Terry