January 13, 2020 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We have become negative net delta:
 
BTC 2 COST 17Jan20 297.5 calls (COST200117C297.5)
STO 2 COST 17Jan20 302.5 calls (COST200117C302.5) for a debit of $2.45 (buying a vertical)

BTC 1 COST 17Jan20 295 put (COST200117P295)
STO 1 COST 17Jan20 300 put (COST200117P300) for a credit of $1.45 (selling a vertical)

BTO 1 COST 14Feb20 302.5 call (COST200214C302.5)
STC 1 COST 14Feb20 297.5 call (COST200214C297.5) for a credit of $2.60 (selling a vertical)


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

Happy trading.

Terry