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

With COST up more than 2% at the open, we are deeply negative net delta:

BTC 3 COST 10Jul20 315 calls (COST200710C315)
STO 3 COST 17Jul20 325 calls (COST200717C325) for a debit of $6.20 (selling a diagonal)

BTC 2 COST 10Jul20 312.5 calls (COST200710C312.5)
STC 2 COST 21Aug20 310 calls (COST200821C310) for a credit of $6.30 (selling a diagonal)

BTO 1 COST 21Aug20 325 call (COST200821C325)
STC 1 COST 21Aug20 315 call (COST200821C315) for a credit of $5.90 (selling vertical)

BTO 1 COST 21Aug20 330 call (COST200821C330)
STC 1 COST 21Aug20 315 call (COST200821C315) for a credit of $8.20 (selling vertical)

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

Happy trading.

Terry