July 28, 2020 Terry’s Tips Trade Alert  – Rising  Tide Portfolio

We have become negative net delta:

BTC 1 COST 31Jul20 322.5 put (COST200731P322.5)
STO 1 COST 31Jul20 330 put (COST200731P330) for a credit of $2.40 (selling a vertical)

BTO 1 COST 18Sep20 325 put (COST200918P325)
STC 1 COST 18sep20 315 put (COST200918P315) for a debit of $3.35 (buying a vertical)

BTC 1 COST 31Jul20 325 call (COST200731C325)
STO 1 COST 31Jul20 332.5 call (COST200731C332.5) for a debit of $3.90 (buying a vertical)

BTO 1 COST 18Sep20 320 call (COST200918C320)
STC 1 COST 18Sep20 315 call (COST200918C315) for a credit of $3.35 (selling a vertical)


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

Happy trading.

Terry