December 3, 2020 Terry’s Tips Trade Alert #2 - Rising Tide Portfolio

We continue rolling out to lower delta:

BTC 1 COST 04Dec20 385 call (COST201204C385)
STO 1 COST 11Dec20 377.5 call (COST201211C377.5) for a credit of $5.35 (selling a diagonal) (50%)

BTC 1 COST 11Dec20 380 put (COST201211P380)
STO 1 COST 11Dec20 370 put (COST201211P370)
BTO 1 COST 15Jan21 370 put (COST210115P370)
STC 1 COST 15Jan21 380 put (COST210115P380) for a debit of $0.35 (buying a vertical roll) (100%)


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

Happy trading.

Terry