July 31, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

We’re a little long net delta:

BTC 3 COST 2Aug19 282.5 puts (COST190802P282.5)
STO 3 COST 2Aug19 277.5 puts (COST190802P277.5) for a debit of $2.73 (buying a vertical)

BTO 3 COST 6Sep19 277.5 puts (COST190906P277.5)
STC 3 COST 30Aug19 282.5 puts (COST190830P282.5) for a credit of $1.85 (buying a diagonal)

BTC 1 COST 2Aug19 282.5 call (COST190802C282.5)
STC 1 COST 30Aug19 282.5 call (COST190830C282.5) for a credit of $3.15 (selling a calendar)

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

Happy trading.

Terry