December 21, 2020 Terry’s Tips Trade Alert - Rising Tide Portfolio

We need to reduce delta:

BTC 1 COST 24Dec20 370 put (COST201224P370)
STO 1 COST 24Dec20 360 put (COST201224P360)
BTO 1 COST 29Jan21 360 put (COST210129P360)
STC 1 COST 29Jan21 370 put (COST210129P370) for a debit of $1.35 (buying a vertical roll) (100%)

BTC 1 COST 24Dec20 367.5 put (COST201224P367.5)
STO 1 COST 24Dec20 357.5 put (COST201224P357.5)
BTO 1 COST 29Jan21 355 put (COST210129P355)
STC 1 COST 29Jan21 365 put (COST210129P365) for a debit of $0.85 (buying a vertical roll) (50%)


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

Happy trading.

Terry