June 1, 2018 Terry’s Tips Trade Alert #2 – Rising Tide  Portfolio

We have become negative net delta:

BTC 3 MA 01Jun18 192.5 calls (MA180601C192.5)
STO 3 MA 08Jun18 197.5 calls (MA180608C197.5) for a debit of $1.00(selling a diagonal)

BTC 3 MA 01Jun18 190 puts (MA180601P190) for $.03 (no commission)

STO 2 MA 08Jun18 190 puts (MA180608P190) for $.49

STO 1 MA 08Jun18 192.5 put (MA180608P192.5) for $1.20

BTO 1 MA 13Jul18 192.5 put (MA180713P192.5)
STC 1 MA 08Jun18 190 put (MA180608P190) for a debit of $3.28 (buying a diagonal)

BTC 4 MA 01Jun18 192.5 puts (MA180601P192.5)
STO 4 MA 08Jun18 192.5 puts (MA180608P192.5) for a credit of $1.14 (selling a calendar)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

Terry