February 1, 2021 Terry’s Tips Trade Alert - Rising Tide Portfolio

We need to reduce delta:

BTC 1 COST 05Feb21 362.5 call (COST210205C362.5)
STO 1 COST 05Feb21 352.5 call (COST210205C352.5) for a credit of $2.30 (selling a vertical) (100%)

BTO 1 COST 19Mar21 355 call (COST210319C355)
STC 1 COST 19Mar21 365 call (COST210319C365) for a debit of $3.90 (buying a vertical) (100%)

BTC 1 COST 05Feb21 355 put (COST210205P355)
STO 1 COST 05Feb21 345 put (COST210205P345)
BTO 1 COST 16Apr21 345 put (COST210416P345)
STC 1 COST 16Apr21 355 put (COST210416P355) for a debit of $0.30 (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