July 29, 2020 Terry’s Tips Trade Alert  – Rising  Tide Portfolio

We have become uncomfortably long. Also, COST goes ex-dividend tomorrow. To avoid assignment, we’re rolling our short 325 call out a week:

BTC 1 COST 31Jul20 325 call (COST200731C325)
STO 1 COST 07Aug20 325 call (COST200807C325) for a credit of $1.80 (selling a calendar)

BTC 1 COST 31Jul20 330 put (COST200731P330)
STO 1 COST 31Jul20 325 put (COST200731P325)  
BTO 1 COST 18Sep20 325 put (COST200918P325)
STC 1 COST 18sep20 330 put (COST200918P330) for a debit of $0.90 (buying a vertical roll)

BTC 1 COST 31Jul20 332.5 call (COST200731C332.5)
STO 1 COST 31Jul20 327.5 call (COST200731C327.5) for a credit of $0.60 (selling a vertical)

BTO 1 COST 18Sep20 330 call (COST200918C330)
STC 1 COST 18Sep20 335 call (COST200918C335) for a debit of $2.00 (buying a vertical)


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

Happy trading.

Terry