July 6, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 1 COST 10Jul20 302.5 put (COST 200710P302.5)
STO 1 COST 10Jul20 312.5 put (COST 200710P312.5)
BTO 1 COST 21Aug20 315 put (COST 200821P315)
STC 1 COST 21Aug 20 305 put (COST 200821P305) for a debit of $1.80 (buying a vertical roll)

BTC 1 COST 10Jul20 307.5 call (COST 200710C307.5)
STO 1 COST 10Jul20 315 call (COST 200710C315)
BTO 1 COST 21Aug20 310 call (COST 200821C310)
STC 1 COST 21Aug 20 305 call (COST 200821C305) for a debit of $0.40 (selling a vertical roll)

BTC 1 COST 10Jul20 307.5 call (COST 200710C307.5)
STO 1 COST 10Jul20 315 call (COST 200710C315)
BTO 1 COST 21Aug20 315 call (COST 200821C315)
STC 1 COST 21Aug 20 305 call (COST 200821C305) for a credit of $2.10 (selling a vertical roll)


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

Happy trading.

Terry