July 12, 2018 Terry’s Tips Trade Alert #2 – Rising Tide  Portfolio

We have become negative net deltaonce again :

 

BTC 1 MA 20Jul18 205 call (MA180720C205)
STC 1 MA 27Jul18 207.5 call (MA180727C207.5)  for a credit of $.38 (selling a diagonal) 

 

BTC 1 MA 20Jul18 205 call (MA180720C205)
STC 1 MA 27Jul18 205 call (MA180727C205)  for a credit of $1.95 (selling a calendar) 

 

BTC 2 MA 20Jul18 200 puts (MA180720P195)

STO 2 MA 20Jul18 207.5 puts (MA180720P207.5) for a credit of $1.30 (selling a vertical) 

 

BTO 2 MA 03Aug18 207.5 puts (MA180803P207.5)

STC 2 MA 03Aug18 200 puts (MA180803P200) for a debit of $2.25  (buying a vertical) 

 

 

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

Happy trading.

Terry