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

COST is slumping and we need to reduce delta:
 
BTC 2 COST 06Dec19 300 puts (COST191206P300)
STO 2 COST 13Dec19 295 puts (COST191213P295) for a debit of $0.15 (selling a diagonal)

BTC 2 COST 06Dec19 297.5 puts (COST191206P297.5)
STO 2 COST 13Dec19 292.5 puts (COST191213P292.5) for a credit of $1.10 (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