December 22, 2020 Terry’s Tips Trade Alert - Rising Tide Portfolio

We need to reduce delta:

BTC 1 COST 24Dec20 375 call (COST201224C375)
STC 1 COST 29Jan21 375 call (COST210129C375) for a credit of $4.50 (selling a calendar) (100%)

BTC 1 COST 24Dec20 372.5 call (COST201224C372.5)
STO 1 COST 24Dec20 365 call (COST201224C365) for a credit of $0.50 (selling a vertical) (100%)

BTO 1 COST 29Jan21 365 call (COST210129C365)
STC 1 COST 29Jan21 370 call (COST210129C370) for a debit of $2.20 (buying a vertical) (50%)

BTC 1 COST 24Dec20 367.5 put (COST201224P367.5)
STO 1 COST 24Dec20 355 put (COST201224P355) for a debit of $6.25 (buying a vertical) (100%)

BTO 1 COST 29Jan21 357.5 put (COST210129P357.5)
STC 1 COST 29Jan21 370 put (COST210129P370) for a credit of $6.40 (selling a vertical) (100%)


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

Happy trading.

Terry