February 5, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 2 COST 07Feb20 305 calls (COST200207C305)
STO 2 COST 07Feb20 310 calls (COST200207C310) for a debit of $2.35 (buying a vertical)

BTO 2 COST 20Mar20 305 calls (COST200320C305)
STC 2 COST 20Mar20 300 calls (COST200320C300) for a credit of $3.05 (selling a vertical)

BTC 1 COST 07Feb20 302.5 put (COST200207P302.5)
STO 1 COST 07Feb20 307.5 put (COST200207P307.5) for a credit of $1.80 (selling a vertical)

BTO 1 COST 21Feb20 312.5 put (COST200221P312.5)
STC 1 COST 21Feb20 310 put (COST200221P310) for a debit of $1.65 (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