June 19, 2019 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We have become negative net delta:

BTC 1 COST 21Jun19 260 call (COST190621C260)
STO 1 COST 21Jun19 265 call (COST190621C265) for a debit of $3.08  (buying a vertical)

BTO 2 COST 02Aug19 265 calls (COST190802C265)
STC 2 COST 19Jul19 260 calls (COST190719C260) for a credit of $1.55  (buying a diagonal)

BTC 1 COST 21Jun19 257.5 put (COST190621P257.5)
STO 1 COST 21Jun19 265 put (COST190621P265) for a credit of $2.03  (selling a vertical)

BTC 1 COST 21Jun19 260 put (COST190621P260)
STO 1 COST 21Jun19 265 put (COST190621P265) for a credit of $1.68  (selling a vertical)

BTO 2 COST 02Aug19 265 puts (COST190802P265)
STC 2 COST 02Aug19 260 puts (COST190802P260) for a debit of $2.15  (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