February 27, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

With our excess cash, we can buy out-of-the-money put calendars:

BTO 1 COST 06Mar20 297.5 put (COST200306P297.5)
STO 1 COST 28Feb20 297.5 put (COST200228P297.5) for a debit of $5.30 (buying a diagonal)

BTO 1 COST 06Mar20 295 put (COST200306P295)
STO 1 COST 28Feb20 295 put (COST200228P295) for a debit of $5.05 (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