February 19, 2020 Terry’s Tips Trade Alert  – Rising Tide Portfolio

We have become negative net delta:

BTC 1 COST 21Feb20 320 call (COST200221C320)
STO 1 COST 21Feb20 325 call (COST200221C325) for a debit of $3.10 (buying a vertical)

BTC 1 COST 21Feb20 317.5 put (COST200221P317.5)
STO 1 COST 21Feb20 325 put (COST200221P325) for a credit of $2.15 (selling a vertical)

BTO 1 COST 17Apr20 325 put (COST200417P325)
STC 1 COST 17Apr20 320 put (COST200417P320) for a debit of $2.30 (buying a vertical)

BTO 1 COST 17Apr20 325 call (COST200417C325)
STC 1 COST 20Mar20 315 call (COST200320C315) for a credit of $3.85 (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