June 23, 2020 Terry’s Tips Trade Alert  #2 – Rising Tide Portfolio

We remain negative net delta:

BTC 1 COST 26Jun20 295 put (COST200626P295)
STC 1 COST 17Jul20 295 put (COST200717P295) for a credit of $2.40 (selling a calendar)

BTC 1 COST 26Jun20 295 put (COST200626P295)
STO 1 COST 26Jun20 305 put (COST200626P305) for a credit of $2.05 (selling a vertical)

BTC 1 COST 26Jun20 295 put (COST200626P295)
STO 1 COST 26Jun20 302.5 put (COST200626P302.5) for a credit of $1.05 (selling a vertical)

BTO 2 COST 21Aug20 305 puts (COST200821P305)
STC 2 COST 17Jul20 300 puts (COST200717P300) for a debit of $6.15 (buying a diagonal)


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

Happy trading.

Terry