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

In spite of our 3 uncovered long calls, we have become negative net delta:

BTC 5 COST 19Jul19 277.5 calls (COST190719C277.5)
STO 5 COST 26Jul19 282.5 calls (COST190726C282.5) for a debit of $2.56 (selling a diagonal)

STO 2 COST 19Jul19 282.5 calls (COST190719C282.5) for $.83

BTO 3 COST 30Aug19 282.5 calls (COST190830C282.5)
STC 3 COST 23Aug19 275 calls (COST190823C275) for a credit of $4.06 (buying a diagonal)

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

Happy trading.

Terry