June 24, 2020 Terry’s Tips Trade Alert  #2 – Rising Tide Portfolio

We continue to lower delta and roll out:

BTC 4 COST 26Jun20 305 calls (COST200626C305)
STO 4 COST 02Jul20 305 calls (COST200702C305) for a credit of $1.00 (selling a calendar)

BTC 2 COST 26Jun20 305 calls (COST200626C305)
STO 2 COST 02Jul20 302.5 calls (COST200702C302.5) for a credit of $1.80 (selling a diagonal)

BTC 2 COST 26Jun20 305 calls (COST200626C305)
STO 2 COST 02Jul20 300 calls (COST200702C300) for a credit of $2.90 (selling a diagonal)

BTO 1 COST 21Aug20 295 call (COST200821C295)
STC 1 COST 17Jul20 305 call (COST200717C305) for a debit of $9.00 (buying a diagonal)

BTO 1 COST 21Aug20 300 call (COST200821C300)
STC 1 COST 17Jul20 305 call (COST200717C305) for a debit of $6.10 (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