July 7, 2020 Terry’s Tips Trade Alert #3 – Rising Tide Portfolio

We remain negative net delta:

BTC 2 COST 10Jul20 307.5 puts (COST 200710P307.5)
STO 2 COST 10Jul20 315 puts (COST 200710P315) for a credit of $2.00 (selling a vertical)

BTC 1 COST 10Jul20 307.5 put (COST 200710P307.5)
STO 1 COST 10Jul20 317.5 put (COST 200710P317.5) for a credit of $3.50 (selling a vertical)

BTO 1 COST 21Aug20 320 put (COST 200821P320)
STC 1 COST 21Aug20 305 put (COST 200821P305) for a debit of $6.60 (buying a vertical)

BTO 1 COST 21Aug20 315 put (COST 200821P315)
STC 1 COST 21Aug20 305 put (COST 200821P305) for a debit of $3.80 (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