July 13, 2020 Terry’s Tips Trade Alert  – Rising  Tide Portfolio

We have become negative net delta:

BTC 1 COST 17Jul20 322.5 call (COST 200717C322.5)
STO 1 COST 17Jul20 332.5 call (COST 200717C332.5)
BTO 1 COST 21Aug20 330 call (COST 200821C330)
STC 1 COST 21Aug20 320 call (COST 200821C320) for a credit of $0.10 (selling a vertical roll)

BTC 1 COST 17Jul20 322.5 call (COST 200717C322.5)
STO 1 COST 17Jul20 332.5 call (COST 200717C332.5)
BTO 1 COST 21Aug20 335 call (COST 200821C335)
STC 1 COST 21Aug20 325 call (COST 200821C325) for a debit of $0.80 (selling a vertical roll)

BTC 2 COST 17Jul20 322.5 puts (COST 200717P322.5)
STO 2 COST 17Jul20 330 puts (COST 200717P330) for a credit of $2.90 (selling a vertical)

BTO 1 COST 21Aug20 335 put (COST 200821P335)
STC 1 COST 21Aug20 320 put (COST 200821P320) for a debit of $7.50 (buying a vertical)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry