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

We have become negative net delta:

BTC 1 COST 02Jul20 295 put (COST200702P295)
STO 1 COST 10Jul20 302.5 put (COST200710P302.5) for a credit of $2.90 (selling a diagonal)

BTC 1 COST 02Jul20 297.5 put (COST200702P297.5)
STO 1 COST 10Jul20 305 put (COST200710P305) for a credit of $4.00 (selling a diagonal)

BTO 1 COST 21Aug20 310 put (COST200821P310)
STC 1 COST 21Aug20 300 put (COST200821P300) for a debit of $5.10 (buying a vertical)

BTC 2 COST 02Jul20 300 calls (COST200702C300)
STO 2 COST 10Jul20 307.5 calls (COST200710C307.5) for a debit of $2.10 (selling a diagonal)

BTO 1 COST 21Aug20 310 call (COST200821C310)
STC 1 COST 21Aug20 295 call (COST200821C295) for a credit of $7.95 (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