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

With COST down 6% this morning, there is little theta remaining. We need to begin making wholesale changes by closing several calendars:

BTC 1 COST 28Feb20 295 put (COST200228P295)
STC 1 COST 06Mar20 295 put (COST200306P295) for a credit of $4.10 (selling a calendar)

BTC 1 COST 28Feb20 297.5 put (COST200228P297.5)
STC 1 COST 06Mar20 297.5 put (COST200306P297.5) for a credit of $3.50 (selling a calendar)

BTC 4 COST 06Mar20 310 calls (COST200306C310)
STC 4 COST 17Apr20 310 calls (COST200417C310) for a credit of $3.20 (selling a calendar)

BTC 2 COST 06Mar20 312.5 calls (COST200306C312.5)
STC 2 COST 17Apr20 315 calls (COST200417C315) for a credit of $2.50 (selling a diagonal)


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

Happy trading.

Terry