February 25, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We need to reduce delta:

BTC 2 COST 28Feb20 320 puts (COST200228P320)
STO 2 COST 28Feb20 312.5 puts (COST200228P312.5) for a debit of $4.60 (buying a vertical)

BTO 1 COST 17Apr20 310 put (COST200417P310)
STC 1 COST 17Apr20 325 put (COST200417P325) for a credit of $7.80 (selling a vertical)

BTO 1 COST 17Apr20 315 put (COST200417P315)
STC 1 COST 17Apr20 320 put (COST200417P320) for a credit of $2.55 (selling a vertical)

BTC 1 COST 28Feb20 322.5 call (COST200228C322.5)
STO 1 COST 28Feb20 315 call (COST200228C315) for a credit of $2.00 (selling a vertical)

BTO 1 COST 17Apr20 320 call (COST200417C320)
STC 1 COST 17Apr20 325 call (COST200417C325) for a debit of $2.05 (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