June 9, 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 310 call (COST200612C310) for a credit of $1.10 (selling a vertical)

BTC 2 COST 12Jun20 315 calls (COST200612C315)
STO 2 COST 12Jun20 305 calls (COST200612C305) for a credit of $3.30 (selling a vertical)

BTO 1 COST 17Jul20 305 call (COST200717C305)
STC 1 COST 17Jul20 320 call (COST200717C320) for a debit of $6.40 (buying a vertical)

BTO 1 COST 17Jul20 305 call (COST200717C305)
STC 1 COST 17Jul20 315 call (COST200717C315) for a debit of $4.90 (buying a vertical)

BTC 1 COST 12Jun20 312.5 put (COST200612P312.5)
STO 1 COST 12Jun20 302.5 put (COST200612P302.5)
BTO 1 COST 17Jul20 305 put (COST200717P305)
STC 1 COST 17Jul20 315 put (COST200717P315) for a credit of $0.20 (buying a vertical roll)

BTC 1 COST 12Jun20 312.5 put (COST200612P312.5)
STO 1 COST 12Jun20 302.5 put (COST200612P302.5)
BTO 1 COST 17Jul20 300 put (COST200717P300)
STC 1 COST 17Jul20 310 put (COST200717P310) for a debit of $0.90 (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