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

COST is lower today after strong November sales numbers failed to meet estimates. We thus need to lower delta:

BTC 2 COST 04Dec20 390 calls (COST201204C390)
STO 2 COST 11Dec20 380 calls (COST201211C380) for a credit of $5.35 (selling a diagonal) (100%)

BTO 1 COST 15Jan21 375 call (COST210115C375)
STC 1 COST 15Jan21 390 call (COST210115C390) for a debit of $6.70 (buying 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