January 31, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We will lower delta and add cash by rolling out the in-the-money put to lower strikes:

BTC 2 COST 31Jan20 310 puts (COST200131P310)
STO 2 COST 07Feb20 307.5 puts (COST200207P307.5) for a credit of $1.05 (selling a diagonal)

BTC 1 COST 31Jan20 310 puts (COST200131P310)
STO 1 COST 07Feb20 305 puts (COST200207P305) for a credit of $0.01 (selling a diagonal)


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

Happy trading.

Terry