January 9, 2020 Terry’s Tips Trade Alert #2– Rising Tide Portfolio

We remain negative net delta, so we will raise some put strikes and start rolling out to next week:
 
BTC 3 COST 10Jan20 290 puts (COST200110P290)
STC 3 COST 21Feb20 290 puts (COST200221P290) for a credit of $2.60 (selling a calendar)

BTC 4 COST 10Jan20 292.5 puts (COST200110P292.5)
STO 4 COST 17Jan20 300 puts (COST200117P300) for a credit of $2.25 (selling a diagonal)

BTO 1 COST 21Feb20 300 put (COST200221P300)
STC 1 COST 21Feb20 290 put (COST200221P290) for a debit of $3.40 (buying a vertical)

BTO 2 COST 21Feb20 300 puts (COST200221P300)
STC 2 COST 21Feb20 295 puts (COST200221P295) for a debit of $2.00 (buying a vertical)

BTO 1 COST 07Feb20 305 put (COST200207P305)
STC 1 COST 07Feb20 295 put (COST200207P295) for a debit of $4.90 (buying a vertical)



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

Happy trading.

Terry