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

We need to lower delta:

BTC 1 COST 26Jun20 305 put (COST200626P305)
STO 1 COST 02Jul20 300 put (COST200702P300) for a debit of $1.70 (selling a diagonal)

BTO 1 COST 21Aug20 300 put (COST200821P300)
STC 1 COST 21Aug20 305 put (COST200821P305) for a credit of $2.25 (selling a vertical)

BTC 1 COST 26Jun20 307.5 call (COST200626C307.5)
STO 1 COST 02Jul20 300 call (COST200702C300) for a credit of $3.50 (selling a diagonal)

BTC 1 COST 26Jun20 307.5 call (COST200626C307.5)
STC 1 COST 17Jul20 305 call (COST200717C305) for a credit of $3.60 (selling a diagonal)

BTO 1 COST 21Aug20 300 call (COST200821C300)
STC 1 COST 17Jul20 305 call (COST200717C305) for a debit of $6.30 (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