February 28, 2020 Terry’s Tips Trade Alert #3 – Rising Tide Portfolio

With our excess cash, we can buy calendars using the newly opened May expiration:

BTO 2 COST 15May20 275 puts (COST200515P275)
STO 2 COST 06Mar20 275 puts (COST200306P275) for a debit of $6.80 (buying a calendar)

BTO 1 COST 15May20 270 put (COST200515P270)
STO 1 COST 06Mar20 270 put (COST200306P270) for a debit of $6.70 (buying a calendar)

BTO 2 COST 15May20 280 puts (COST200515P280)
STO 2 COST 06Mar20 280 puts (COST200306P280) for a debit of $6.85 (buying a calendar)

BTO 1 COST 15May20 280 call (COST200515C280)
STO 1 COST 06Mar20 280 call (COST200306C280) for a debit of $7.20 (buying a calendar)

BTO 1 COST 15May20 285 call (COST200515C285)
STO 1 COST 06Mar20 285 call (COST200306C285) for a debit of $7.05 (buying a calendar)
 

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

Happy trading.

Terry