February 14, 2020 Terry’s Tips Trade Alert #2  – Rising Tide Portfolio

We need to raise delta:

BTC 2 COST 21Feb20 315 puts (COST200221P315)
STO 2 COST 21Feb20 320 puts (COST200221P320) for a credit of $2.15 (selling a vertical)

BTO 1 COST 17Apr20 320 put (COST200417P320)
STC 1 COST 20Mar20 315 put (COST200320P315) for a debit of $3.95 (buying a diagonal)

BTO 1 COST 17Apr20 315 put (COST200417P315)
STC 1 COST 17Apr20 310 put (COST200417P310) for a debit of $1.85 (buying a vertical)


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

Happy trading.

Terry