March 12, 2020 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We continue to reduce delta by rolling down some call strikes:

BTC 1 COST 13Mar20 312.5 call (COST200313C312.5)
STO 1 COST 13Mar20 295 call (COST200313C295)
BTO 1 COST 17Apr20 295 call (COST200417C295)
STC 1 COST 17Apr20 315 call (COST200417C315) for a debit of $6.10 (selling a vertical roll)

BTC 1 COST 13Mar20 310 call (COST200313C310)
STO 1 COST 13Mar20 290 call (COST200313C290)
BTO 1 COST 15May20 290 call (COST200515C290)
STC 1 COST 15May20 310 call (COST200515C310) for a debit of $5.75 (selling a vertical roll)

BTC 1 COST 13Mar20 307.5 call (COST200313C307.5)
STO 1 COST 13Mar20 290 call (COST200313C290)
BTO 1 COST 15May20 290 call (COST200515C290)
STC 1 COST 15May20 305 call (COST200515C305) for a debit of $3.75 (selling 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