July 11, 2018 Terry’s Tips Trade Alert – Rising Tide  Portfolio

We have become negative net delta: 

BTC 2 MA 13Jul18 202.5 calls (MA180713C202.5)
STO 2 MA 13Jul18 205 calls (MA180713C205) for a debit of $1.18 (buying a vertical)  

BTC 2 MA 13Jul18 202.5 calls (MA180713C202.5)
STO 2 MA 20Jul18 205 calls (MA180720C205) for a debit of $.09 (selling a diagonal)

BTO 1 MA 24Aug18 207.5 call (MA180824C207.5)
STC 1 MA 27Jul18 197.5 call (MA180727C197.5) for a credit of $3.68 (buying a diagonal)

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

Happy trading.

Terry