January 19, 2021 Terry’s Tips Trade Alert #2 - Rising Tide Portfolio

With COST continuing to decline, we need to reduce delta:

BTC 1 COST 22Jan21 360 put (COST210122P360)
STO 1 COST 22Jan21 350 put (COST210122P350) for a debit of $5.85 (buying a vertical) (100%)

BTO 1 COST 19Mar21 355 put (COST210319P355)
STC 1 COST 19Mar21 365 put (COST210319P365) for a credit of $5.95 (selling a vertical) (50%)

BTC 1 COST 22Jan21 367.5 call (COST210122C367.5)
STC 1 COST 19Feb21 370 call (COST210219C370) for a credit of $2.50 (selling a diagonal) (100%)


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

Happy trading.

Terry