January 6, 2021 Terry’s Tips Trade Alert #2 - Rising Tide Portfolio

We need to further reduce delta:

BTC 1 COST 08Jan21 375 put (COST210108P375)
STO 1 COST 08Jan21 365 put (COST210108P365) for a debit of $4.65 (buying a vertical) (100%)

BTC 1 COST 08Jan21 377.5 call (COST210108C377.5)
STO 1 COST 08Jan21 370 call (COST210108C370) for a credit of $2.35 (selling a vertical) (50%)

BTO 1 COST 19Feb21 375 call (COST210219C375)
STC 1 COST 19Feb21 385 call (COST210219C385) for a debit of $3.55 (buying a vertical) (50%)


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

Happy trading.

Terry