June 4, 2020 Terry’s Tips Trade Alert  – Rising Tide Portfolio

With COST up at the open, we have become negative net delta:

BTC 2 COST 5Jun20 305 calls (COST200605C305)
STO 2 COST 12Jun20 315 calls (COST200612C315) for a debit of $5.80 (selling a diagonal)

BTO 1 COST 17Jul20 320 call (COST200717C320)
STC 1 COST 17Jul20 300 call (COST200717C300) for a credit of $12.20 (selling a vertical)

BTC 2 COST 5Jun20 302.5 puts (COST200605P302.5)
STO 2 COST 12Jun20 310 puts (COST200612P310) for a credit of $2.15 (selling a diagonal)

BTO 1 COST 17Jul20 315 put (COST200717P315)
STC 1 COST 17Jul20 305 put (COST200717P305) for a debit of $3.90 (buying a vertical)


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

Happy trading.

Terry