December 5, 2019 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We can further reduce delta by rolling out and lowering strikes:
 
BTC 2 COST 06Dec19 305 calls (COST191206C305) for $0.04 (no commissions)

STO 2 COST 13Dec19 300 calls (COST191213C300) for $2.95

BTO 1 COST 17Jan20 295 call (COST200117C295)
STC 1 COST 20Dec19 302.5 call (COST191220C302.5) for a debit of $5.45 (buying a diagonal)

BTO 1 COST 17Jan20 300 call (COST200117C300)
STC 1 COST 17Jan20 305 call (COST200117C305) for a debit of $1.90 (buying a vertical)

BTC 2 COST 06Dec19 295 puts (COST191206P295)
STO 2 COST 13Dec19 290 puts (COST191213P290) for a credit of $1.80 (selling a diagonal)


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

Happy trading.

Terry