July 22, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

COST is not doing as well as the market in general and we are too positive net delta:

BTC 2 COST 26Jul19 287.5 calls (COST190726C287.5)
STO 2 COST 26Jul19 280 calls (COST190726C280) for a credit of $2.72 (selling a vertical)

BTO 1 COST 20Sep19 280 put (COST190920P280)
STO 1 COST 26Jul19 280 put (COST`90726P280) for a debit of $5.14 (buying a calendar)

BTO 2 COST 20Sep19 285 calls (COST190920C285)
STC 2 COST 30Aug19 285 calls (COST190830C285) for a debit of $1.65 (buying a calendar)

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

Happy trading.

Terry