February 6, 2020 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We have become negative net delta once again:

BTC 3 COST 07Feb20 307.5 puts (COST200207P307.5)
STO 3 COST 14Feb20 312.5 puts (COST200214P312.5) for a credit of $3.35 (selling a diagonal)

BTO 1 COST 13Mar20 312.5 put (COST200313P312.5)
STC 1 COST 28Feb20 307.5 put (COST200228P307.5) for a debit of $5.35 (buying a diagonal)

BTO 1 COST 20Mar20 315 put (COST200320P315)
STC 1 COST 20Mar20 305 put (COST200320P305) for a debit of $4.45 (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