February 28, 2020 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We are rolling out and lowering strikes for our short options to lower delta:

BTC 2 COST 28Feb20 317.5 calls (COST200228C317.5) for $0.04 (no commissions)

BTC 1 COST 28Feb20 315 call (COST200228C315) for $0.03 (no commissions)

STO 1 COST 06Mar20 285 call (COST200306C285) for $7.85

STO 1 COST 06Mar20 287.5 call (COST200306C287.5) for $6.80

STO 1 COST 06Mar20 290 call (COST200306C290) for $5.80

BTC 2 COST 06Mar20 310 puts (COST200306P310)
STO 2 COST 06Mar20 280 puts (COST200306P280) for a debit of $21.00 (buying a vertical)

BTO 1 COST 17Apr20 280 put (COST200417P280)
STC 1 COST 17Apr20 315 put (COST200417P315) for a credit of $22.80 (selling a vertical)

BTO 1 COST 17Apr20 280 put (COST200417P280)
STC 1 COST 17Apr20 320 put (COST200417P320) for a credit of $26.90 (selling a vertical)

BTO 1 COST 17Apr20 285 call (COST200417C285)
STC 1 COST 17Apr20 325 call (COST200417C325) for a debit of $11.35 (buying a vertical)

BTO 1 COST 17Apr20 285 call (COST200417C285)
STC 1 COST 17Apr20 315 call (COST200417C315) for a debit of $9.80 (buying a vertical)

BTO 1 COST 17Apr20 290 call (COST200417C290)
STC 1 COST 17Apr20 305 call (COST200417C305) for a debit of $5.35 (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