February 24, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We need to reduce delta:

BTC 1 COST 28Feb20 325 put (COST200228P325)
STO 1 COST 28Feb20 317.5 put (COST200228P317.5) for a debit of $5.00 (buying a vertical)

BTC 1 COST 28Feb20 322.5 put (COST200228P322.5)
STO 1 COST 28Feb20 317.5 put (COST200228P317.5) for a debit of $3.10 (buying a vertical)

BTC 2 COST 28Feb20 322.5 puts (COST200228P322.5)
STO 2 COST 28Feb20 315 puts (COST200228P315) for a debit of $4.15 (buying a vertical)

BTO 3 COST 17Apr20 315 puts (COST200417P315)
STC 3 COST 17Apr20 325 puts (COST200417P325) for a credit of $5.00 (selling a vertical)

BTC 2 COST 28Feb20 325 calls (COST200228C325)
STO 2 COST 28Feb20 320 calls (COST200228C320) for a credit of $1.35 (selling a vertical)

BTC 2 COST 28Feb20 325 calls (COST200228C325)
STO 2 COST 28Feb20 317.5 calls (COST200228C317.5) for a credit of $2.50 (selling a vertical)

BTO 2 COST 17Apr20 315 calls (COST200417C315)
STC 2 COST 17Apr20 325 calls (COST200417C325) for a debit of $5.05 (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