June 24, 2020 Terry’s Tips Trade Alert  #3 – Rising Tide Portfolio

We continue to lower delta:

BTC 2 COST 26Jun20 302.5 calls (COST200626C302.5)
STO 2 COST 26Jun20 295 calls (COST200626C295) for a credit of $3.40 (selling a vertical)

BTO 1 COST 21Aug20 295 call (COST200821C295)
STC 1 COST 21Aug20 310 call (COST200821C310) for a debit of $7.10 (buying a vertical)

BTC 1 COST 26Jun20 302.5 put (COST200626P302.5)
STO 1 COST 26Jun20 295 put (COST200626P295) for a debit of $4.30 (buying a vertical)

BTC 1 COST 26Jun20 300 put (COST200626P300)
STO 1 COST 26Jun20 292.5 put (COST200626P292.5) for a debit of $2.70 (buying a vertical)

BTO 1 COST 21Aug20 290 put (COST200821P290)
STC 1 COST 21Aug20 305 put (COST200821P305) for a credit of $6.70 (selling a vertical)


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

Happy trading.

Terry