July 9, 2020 Terry’s Tips Trade Alert  #5  – Rising  Tide Portfolio

We remain negative net delta:

BTC 2 COST 10Jul20 320 puts (COST200710P320)
STO 2 COST 17Jul20 327.5 puts (COST200717P327.5) for a credit of $3.90 (selling a diagonal)

BTO 1 COST 21Aug20 330 put (COST200821P330)
STC 1 COST 21Aug20 315 put (COST200821P315) for a debit of $6.00 (buying a vertical)

BTC 2 COST 10Jul20 322.5 calls (COST200710C322.5)
STO 2 COST 10Jul20 330 calls (COST200710C330) for a debit of $4.90 (buying a vertical)

BTO 1 COST 21Aug20 335 call (COST200821C335)
STC 1 COST 21Aug20 320 call (COST200821C320) for a credit of $7.50 (selling a vertical)


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

Happy trading.

Terry