March 12, 2020 Terry’s Tips Trade Alert #3 – Rising Tide Portfolio

We can reduce delta one more time:

BTC 1 COST 13Mar20 307.5 call (COST200313C307.5)
STC 1 COST 17Apr20 315 call (COST200417C315) for a credit of $7.60 (selling a diagonal)

BTC 1 COST 13Mar20 305 call (COST200313C305)
STO 1 COST 13Mar20 285 call (COST200313C285)
BTO 1 COST 15May20 285 call (COST200515C285)
STC 1 COST 15May20 305 call (COST200515C305) for a debit of $5.40 (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