December 28, 2020 Terry’s Tips Trade Alert #2 - Rising Tide Portfolio

We remain negative net delta:

BTC 1 COST 31Dec20 365 call (COST201231C365)
STO 1 COST 31Dec20 372.5 call (COST201231C372.5) for a debit of $4.60 (buying a vertical) (100%)

BTO 1 COST 19Feb21 375 call (COST210219C375)
STC 1 COST 29Jan21 365 call (COST210129C365) for a credit of $2.80 (buying a diagonal) (100%)

BTC 1 COST 31Dec20 360 put (COST201231P360)
STC 1 COST 29Jan21 360 put (COST210129P360) for a credit of $5.30 (selling a calendar) (100%)

BTC 1 COST 31Dec20 362.5 put (COST201231P362.5)
STO 1 COST 31Dec20 370 put (COST201231P370)
BTO 1 COST 29Jan21 372.5 put (COST210129P372.5)
STC 1 COST 29Jan21 365 put (COST210129P365) for a debit of $1.85 (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