January 16, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:
 
BTC 2 COST 17Jan20 295 puts (COST200117P295) for $0.05 (no commissions)

STO 2 COST 24Jan20 300 puts (COST200124P300) for $1.05

BTC 2 COST 17Jan20 300 calls (COST200117C300)
STO 2 COST 17Jan20 305 calls (COST200117C305) for a debit of $3.10 (buying a vertical)

BTO 2 COST 14Feb20 302.5 calls (COST200214C302.5)
STC 2 COST 14Feb20 297.5 calls (COST200214C297.5) for a credit of $3.20 (selling a vertical)

BTO 1 COST 21Feb20 305 put (COST200221P305)
STC 1 COST 21Feb20 290 put (COST200221P290) for a debit of $4.80 (buying a vertical)

BTC 2 COST 17Jan20 297.5 puts (COST200117P297.5)
STO 2 COST 24Jan20 302.5 puts (COST200124P302.5) for a credit of $1.90 (selling a diagonal)

BTO 1 COST 21Feb20 300 put (COST200221P300)
STC 1 COST 21Feb20 295 put (COST200221P295) for a debit of $1.60 (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