July 17, 2019 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

    

We have become negative net delta:

 

BTO 1 COST 30Aug19 285 call (COST190830C285)

STC 1 COST 30Aug19 275 call (COST190830C275) for a credit of $6.05 (selling a vertical)

 

BTC 2 COST 19Jul19 280 calls (COST190719C280)

STO 2 COST 19Jul19 282.5 calls (COST190719C282.5) for a debit of $1.72 (buying a vertical)

 

BTC 2 COST 19Jul19 280 calls (COST190719C280)

STO 2 COST 26Jul19 285 calls (COST190726C285) for a debit of $1.72 (selling a diagonal)

 

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

Happy trading.

Terry