February 11, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become too positive net delta. By rolling down our highest strike call, we can reduce delta, raise cash and increase theta:

BTC 2 COST 14Feb20 320 calls (COST200214C320)
STO 2 COST 14Feb20 312.5 calls (COST200214C312.5) for a credit of $2.45 (selling a vertical)


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

Happy trading.

Terry