January 12, 2021 Terry’s Tips Trade Alert - Rising Tide Portfolio

We need to reduce delta:

BTC 1 COST 15Jan21 367.5 put (COST210115P367.5)
STO 1 COST 15Jan21 357.5 put (COST210115P357.5)
BTO 1 COST 19Mar21 355 put (COST210319P355)
STC 1 COST 19Mar21 365 put (COST210319P365) for a debit of $1.00 (buying a vertical roll) (100%)

BTC 1 COST 15Jan21 365 put (COST210115P365)
STO 1 COST 15Jan21 355 put (COST210115P355)
BTO 1 COST 19Mar21 350 put (COST210319P350)
STC 1 COST 19Mar21 360 put (COST210319P360) for a debit of $0.55 (buying a vertical roll) (100%)

BTC 1 COST 15Jan21 372.5 call (COST210115C372.5)
STO 1 COST 15Jan21 362.5 call (COST210115C362.5) for a credit of $2.25 (selling a vertical) (100%)

BTC 1 COST 15Jan21 370 call (COST210115C370)
STO 1 COST 15Jan21 362.5 call (COST210115C362.5) for a credit of $2.00 (selling a vertical) (50%)

BTO 1 COST 19Feb21 360 call (COST210219C360)
STC 1 COST 19Feb21 375 call (COST210219C375) for a debit of $6.10 (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