July 12, 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 20Jul18 207.5 calls (MA180720C207.5) for a debit of $3.14 (selling a diagonal)

BTO 2 MA 27Jul18 207.5 calls (MA180727C207.5)
STC 2 MA 27Jul18 202.5 calls (MA180727C202.5) for a credit of $3.17 (selling a vertical)

BTC 2 MA 13Jul18 205 calls (MA180713C205)
STO 2 MA 20Jul18 207.5 calls (MA180720C207.5) for a debit of $.67 (buying a vertical)  

BTC 2 MA 20Jul18 202.5 calls (MA180720C202.5)
STO 2 MA 20Jul18 207.5 calls (MA180720C207.5) for a debit of $3.77 (buying a vertical)  

BTO 2 MA 24Aug18 207.5 calls (MA180824C207.5)
STC 2 MA 24Aug18 200 calls (MA180824C200) for a credit of $4.61 (selling a vertical)

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

Happy trading.

Terry