January 8, 2020 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

With the market surging, we have become negative net delta once again:
 
BTC 1 COST 10Jan20 287.5 put (COST200110P287.5)
STO 1 COST 10Jan20 295 put (COST200110P295) for a credit of $2.10 (selling a vertical)

BTO 1 COST 07Feb20 295 put (COST200207P295)
STC 1 COST 07Feb20 287.5 put (COST200207P287.5) for a debit of $2.85 (buying a vertical)

BTC 1 COST 10Jan20 290 put (COST200110P290)
STO 1 COST 10Jan20 295 put (COST200110P295) for a credit of $1.80 (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