June 6, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 2 COST 07Jun19 245 puts (COST190607P245)
STO 2 COST 14Jun19 250 puts (COST190614P250) for a credit of $2.45 (selling a diagonal)

BTO 2 COST 19Jul19 250 puts (COST190719P250)
STC 2 COST 19Jul19 245 puts (COST190719P245) for a debit of $1.96 (buying a vertical)  

BTC 5 COST 07Jun19 247.5 calls (COST190607C247.5)
STO 5 COST 14Jun19 252.5 calls (COST190614C252.5) for a debit of $1.27 (selling a diagonal)

BTO 2 COST 19Jul19 255 calls (COST190719C255)
STC 2 COST 19Jul19 245 calls (COST190719C245) for a credit of $5.42 (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