February 26, 2021 Terry’s Tips Trade Alert - Rising Tide Portfolio

We need to adjust strikes to increase theta. We’ll start on the put side:

BTC 1 COST 05Mar21 340 put (COST210305P340)
STO 1 COST 05Mar21 327.5 put (COST210305P327.5) for a debit of $6.40 (buying a vertical) (100%)

BTC 1 COST 05Mar21 337.5 put (COST210305P337.5)
STO 1 COST 05Mar21 325 put (COST210305P325) for a debit of $5.65 (buying a vertical) (100%)

BTO 2 COST 16Apr21 330 puts (COST210416P330)
STC 2 COST 16Apr21 350 puts (COST210416P350) for a credit of $11.50 (selling a vertical) (100%)

BTO 1 COST 16Apr21 325 puts (COST210416P325)
STC 1 COST 16Apr21 345 puts (COST210416P345) for a credit of $9.80 (selling a vertical) (100%)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry