February 18, 2020 Terry’s Tips Trade Alert #2  – Rising Tide Portfolio

We remain negative net delta:

BTC 2 COST 21Feb20 315 puts (COST200221P315)
STO 2 COST 21Feb20 322.5 puts (COST200221P322.5) for a credit of $2.05 (selling a vertical)

BTO 1 COST 17Apr20 320 put (COST200417P320)
STC 1 COST 17Apr20 315 put (COST200417P315) for a debit of $2.00 (buying a vertical)

BTO 1 COST 17Apr20 325 put (COST200417P325)
STC 1 COST 17Apr20 315 put (COST200417P315) for a debit of $4.35 (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