July 30, 2020 Terry’s Tips Trade Alert  – Rising  Tide Portfolio

We need to lower delta:

BTC 1 COST 31Jul20 327.5 put (COST200731P327.5)
STO 1 COST 31Jul20 320 put (COST200731P320)  
BTO 1 COST 18Sep20 325 put (COST200918P325)
STC 1 COST 18Sep20 330 put (COST200918P330) for a debit of $0.70 (buying a vertical roll)

BTC 2 COST 31Jul20 330 calls (COST200731C330)
STO 2 COST 31Jul20 325 calls (COST200731C325) for a credit of $0.90 (selling a vertical)

BTC 1 COST 31Jul20 327.5 call (COST200731C327.5)
STO 1 COST 31Jul20 322.5 call (COST200731C322.5) for a credit of $2.20 (selling a vertical)

BTO 1 COST 18Sep20 320 call (COST200918C320)
STC 1 COST 18Sep20 335 call (COST200918C335) for a debit of $7.00 (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