July 28, 2021 Terry’s Tips Trade Alert - Rising Tide Portfolio

COST is going ex-dividend tomorrow. Thus, we are rolling up the deepest in-the-money call, as its extrinsic value is less than the dividend, making it vulnerable to assignment. This also raises delta and gets the portfolio near neutral:

BTC 1 COST 30Jul21 420 call (COST210730C420)
STO 1 COST 30Jul21 430 call (COST210730C430) for a debit of $4.30 (buying a vertical) (100%)


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

Happy trading.

Terry