June 8, 2020 Terry’s Tips Trade Alert  – Rising Tide Portfolio

We have become uncomfortably long:

BTC 1 COST 12Jun20 317.5 call (COST200612C317.5)
STO 1 COST 12Jun20 307.5 call (COST200612C307.5)
BTO 1 COST 17Jul20 310 call (COST200717C310)
STC 1 COST 17Jul20 320 call (COST200717C320) for a debit of $1.10 (selling a vertical roll)

BTC 1 COST 12Jun20 315 put (COST200612P315)
STO 1 COST 12Jun20 305 put (COST200612P305)
BTO 1 COST 17Jul20 310 put (COST200717P310)
STC 1 COST 17Jul20 320 put (COST200717P320) for a debit of $0.10 (buying a vertical roll)

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

Happy trading.

Terry