June 18, 2018 Terry’s Tips Trade Alert #2 – Rising Tide  Portfolio

We have become negative net delta:

BTC 1 MA 22Jun18 197.5 call (MA180622C197.5)
STO 1 MA 29Jun18 205 call (MA180629C205) for a debit of $2.75 (selling a diagonal)

BTC 1 MA 22Jun18 197.5 call (MA180622C197.5)
STO 1 MA 22Jun18 202.5 call (MA180622C202.5) for a debit of $2.87 (buying a vertical)

BTO 2 MA 13Jul18 202.5 calls (MA180713C202.5)
STC 2 MA 13Jul18 197.5 calls (MA180713C197.5) for a credit of $2.72 (selling a vertical)

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

Happy trading.

Terry