January 30, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

Delta has become uncomfortably high:

BTC 2 COST 31Jan20 315 calls (COST200131C315) for $0.04 (no commissions)

STO 2 COST 07Feb20 307.5 calls (COST200207C307.5) for $3.40

BTC 1 COST 31Jan20 312.5 put (COST200131P312.5)
STO 1 COST 07Feb20 307.5 put (COST200207P307.5) for a debit of $1.10 (selling a diagonal)

BTO 1 COST 20Mar20 305 call (COST200320C305)
STC 1 COST 20Mar20 320 call (COST200320C320) for a debit of $6.65 (buying a vertical)

BTO 1 COST 21Feb20 307.5 put (COST200221P307.5)
STC 1 COST 21Feb20 312.5 put (COST200221P312.5) for a credit of $2.75 (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