June 4, 2019 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio  

We have become negative net delta:

BTC 1 COST 07Jun19 240 call (COST190607C240)
STC 1 COST 19Jul19 240 call (COST190719C240) for a credit of $4.22 (selling a calendar)

BTO 2 COST 19Jul19 245 calls (COST190719C245)
STC 2 COST 19Jul19 240 calls (COST190719C240) for a credit of $3.06 (selling a vertical)

BTO 1 COST 19Jul19 245 call (COST190719C245)
STO 1 COST 07Jun19 247.5 call (COST190607C247.5) for a debit of $5.72 (buying a diagonal)

BTO 1 COST 19Jul19 250 call (COST190719C250)
STO 1 COST 07Jun19 247.5 call (COST190607C247.5) for a debit of $3.28 (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