January 28, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We need to start rolling out some long call options. This will also reduce delta, which has become uncomfortably high:

BTO 3 COST 20Mar20 320 calls (COST200320C320)
STC 3 COST 14Feb20 310 calls (COST200214C310) for a debit of $0.20 (buying a diagonal)

BTO 1 COST 20Mar20 305 call (COST200320C305)
STC 1 COST 21Feb20 300 call (COST200221C300) for a debit of $0.20 (buying a diagonal)

BTO 1 COST 20Mar20 310 call (COST200320C310)
STC 1 COST 21Feb20 305 call (COST200221C305) for a debit of $1.00 (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