July 18, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta: 

BTC 2 MA 20Jul18 207.5 calls (MA180720C207.5)

STO 2 MA 27Jul18 210 calls (MA180727C210) for a credit of $1.54  (selling a diagonal) 

BTC 1 MA 20Jul18 207.5 call (MA180720C207.5)

STC 1 MA 27Jul18 207.5 call (MA180727C207.5) for a credit of $2.76 (selling a calendar) 

BTO 1 MA 31Aug18 210 call (MA180831C210)

STC 1 MA 24Aug18 202.5 call (MA180824C202.5) for a credit of $4.00  (buying a diagonal) 

BTO 3 MA 31Aug18 210 calls (MA180831C210)

STO 3 MA 27Jul18 210 calls (MA180727C210) for a debit of $2.46 (buying a calendar) 

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

Happy trading.

Terry