February 21, 2020 Terry’s Tips Trade Alert #5 – Rising Tide Portfolio

With our excess cash, we can add a spread and roll out all remaining March long calls:

BTO 3 COST 17Apr20 320 calls (COST200417C320)
STC 3 COST 20Mar20 320 calls (COST200320C320) for a debit of $2.30 (buying a calendar)

BTO 4 COST 17Apr20 325 calls (COST200417C325)
STC 4 COST 20Mar20 325 calls (COST200320C325) for a debit of $2.25 (buying a calendar)

BTO 1 COST 17Apr20 320 put (COST200417P320)
STO 1 COST 28Feb20 322.5 put (COST200228P322.5) for a debit of $5.60 (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