December 27, 2019 Terry’s Tips Trade Alert #4 – Rising Tide Portfolio

We can use our excess cash to roll out long positions to February:
 
BTO 1 COST 07Feb20 287.5 put (COST200207P287.5)
STC 1 COST 10Jan20 287.5 put (COST200110P287.5) for a debit of $2.50 (buying a calendar)

BTO 1 COST 07Feb20 292.5 put (COST200207P292.5)
STC 1 COST 10Jan20 292.5 put (COST200110P292.5) for a debit of $2.80 (buying a calendar)

BTO 4 COST 21Feb20 295 puts (COST200221P295)
STC 4 COST 17Jan20 295 puts (COST200117P295) for a debit of $3.15 (buying a calendar)

BTO 1 COST 21Feb20 290 put (COST200221P290)
STC 1 COST 17Jan20 300 put (COST200117P300) for a credit of $2.00 (buying a diagonal)

BTO 1 COST 21Feb20 295 call (COST200221C295)
STC 1 COST 17Jan20 290 call (COST200117C290) for a debit of $0.15 (buying a diagonal)

BTO 2 COST 21Feb20 300 calls (COST200221C300)
STC 2 COST 17Jan20 300 calls (COST200117C300) for a debit of $2.80 (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