February 13, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta and can start rolling out to next week:

BTO 3 COST 20Mar20 315 calls (COST200320C315)
STC 3 COST 20Mar20 310 calls (COST200320C310) for a credit of $3.10 (selling a vertical)

BTC 4 COST 14Feb20 312.5 calls (COST200214C312.5)
STO 4 COST 21Feb20 317.5 calls (COST200221C317.5) for a debit of $2.35 (selling a diagonal)

BTC 4 COST 14Feb20 312.5 puts (COST200214P312.5)
STO 4 COST 21Feb20 315 puts (COST200221P315) for a credit of $1.55 (selling a diagonal)

BTO 2 COST 17Apr20 315 puts (COST200417P315)
STC 2 COST 20Mar20 310 puts (COST200320P310) for a debit of $3.40 (buying a diagonal)


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

Happy trading.

Terry