February 9, 2021 Terry’s Tips Trade Alert - Rising Tide Portfolio

We have become negative net delta:

BTC 1 COST 12Feb21 350 put (COST210212P350)
STO 1 COST 12Feb21 357.5 put (COST210212P357.5) for a credit of $1.10 (selling a vertical) (100%)

BTO 1 COST 16Apr21 360 put (COST210416P360)
STC 1 COST 16Apr21 350 put (COST210416P350) for a debit of $4.25 (buying a vertical) (50%)

BTC 1 COST 12Feb21 352.5 put (COST210212P352.5)
STO 1 COST 12Feb21 360 put (COST210212P360) for a credit of $1.90 (selling a vertical) (50%)

BTO 1 COST 16Apr21 360 put (COST210416P360)
STC 1 COST 16Apr21 355 put (COST210416P355) for a debit of $2.35 (buying a vertical) (50%)


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

Happy trading.

Terry