January 21, 2020 Terry’s Tips Trade Alert #3 – Rising Tide Portfolio

We remain net negative delta:

BTC 2 COST 24Jan20 300 puts (COST200124P300)
STC 2 COST 21Feb20 300 puts (COST200221P300) for a credit of $1.75 (selling a calendar)

BTC 2 COST 24Jan20 302.5 puts (COST200124P302.5)
STO 2 COST 31Jan20 310 puts (COST200131P310) for a credit of $2.10 (selling a diagonal)

BTO 1 COST 21Feb20 310 put (COST200221P310)
STC 1 COST 21Feb20 300 put (COST200221P300) for a debit of $2.85 (buying a vertical)

BTO 1 COST 21Feb20 310 put (COST200221P310)
STC 1 COST 07Feb20 305 put (COST200207P305) for a debit of $2.85 (buying a diagonal)


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

Happy trading.

Terry