June 29, 2020 Terry’s Tips Trade Alert  – Rising Tide Portfolio

We have become negative net delta:

BTC 1 COST 02Jul20 292.5 put (COST200702P292.5)
STO 1 COST 02Jul20 302.5 put (COST200702P302.5)
BTO 1 COST 21Aug20 305 put (COST200821P305)
STC 1 COST 21Aug20 295 put (COST200821P295) for a debit of $2.10 (buying a vertical roll)

BTC 1 COST 02Jul20 295 put (COST200702P295)
STO 1 COST 02Jul20 300 put (COST200702P300)
BTO 1 COST 21Aug20 300 put (COST200821P300)
STC 1 COST 21Aug20 295 put (COST200821P295) for a debit of $1.00 (selling a vertical roll)

BTC 1 COST 02Jul20 292.5 put (COST200702P292.5)
STO 1 COST 02Jul20 300 put (COST200702P300) for a credit of $1.30 (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