July 1, 2020 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We remain negative net delta:

BTC 1 COST 02Jul20 300 call (COST200702C300)
STO 1 COST 10Jul20 310 call (COST200710C310)
BTO 1 COST 21Aug20 310 call (COST200821C310)
STC 1 COST 21Aug20 300 call (COST200821C300) for a credit of $1.90 (selling a custom vertical roll)

BTC 1 COST 02Jul20 300 put (COST200702P300)
STO 1 COST 10Jul20 307.5 put (COST200710P307.5)
BTO 1 COST 21Aug20 305 put (COST200821P305)
STC 1 COST 21Aug20 295 put (COST200821P295) for a credit of $0.90 (buying a custom vertical roll)

BTC 1 COST 02Jul20 300 put (COST200702P300)
STO 1 COST 10Jul20 307.5 put (COST200710P307.5)
BTO 1 COST 21Aug20 305 put (COST200821P305)
STC 1 COST 21Aug20 300 put (COST200821P300) for a credit of $2.60 (buying a custom vertical roll)


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

Happy trading.

Terry