June 25, 2020 Terry’s Tips Trade Alert  – Rising Tide Portfolio

We have become negative net delta:

BTC 2 COST 26Jun20 295 calls (COST200626C295)
STO 2 COST 02Jul20 307.5 calls (COST200702C307.5)
BTO 2 COST 21Aug20 305 calls (COST200821C305)
STC 2 COST 21Aug20 295 calls (COST200821C295) for a credit of $0.85 (selling a custom vertical roll)

BTC 1 COST 26Jun20 292.5 put (COST200626P292.5)
STO 1 COST 02Jul20 297.5 put (COST200702P297.5)
BTO 1 COST 21Aug20 295 put (COST200821P295)
STC 1 COST 21Aug20 290 put (COST200821P290) for a credit of $0.60 (buying a custom vertical roll)

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

Happy trading.

Terry