July 10, 2018 Terry’s Tips Trade Alert – Rising Tide  Portfolio

We have become negative net delta:

BTC 1 MA 13Jul18 200 call (MA180713C200)
STO 1 MA 13Jul18 202.5 call (MA180713C202.5) for a debit of $1.50 (buying a vertical)

BTC 2 MA 13Jul18 200 calls (MA180713C200)
STO 2 MA 20Jul18 202.5 calls (MA180722C202.5) for a debit of $.36 (selling a diagonal)

BTO 1 MA 24Aug18 205 call (MA180824C205)
STC 1 MA 27Jul18 197.5 call (MA180727C197.5) for a credit of $2.24 (buying a diagonal)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

Terry