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

With COST spiking more than 2% at the open, we have become severely negative delta:

BTC 2 COST 24Jan20 302.5 calls (COST200124C302.5)
STO 2 COST 24Jan20 310 calls (COST200124C310) for a debit of $5.90 (buying a vertical

BTC 4 COST 24Jan20 305 calls (COST200124C305)
STO 4 COST 24Jan20 312.5 calls (COST200124C312.5) for a debit of $4.80 (buying a vertical

BTO 3 COST 14Feb20 310 calls (COST200214C310)
STC 3 COST 14Feb20 302.5 calls (COST200214C302.5) for a credit of $5.00 (selling a vertical)

BTO 1 COST 21Feb20 310 call (COST200221C310)
STC 1 COST 21Feb20 295 call (COST200221C295) for a credit of $11.10 (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