March 13, 2020 Terry’s Tips Trade Alert #3 – Rising Tide Portfolio

We will complete rolling out our short puts and add two put calendars:

BTC 1 COST 13Mar20 285 put (COST200313P285)
STO 1 COST 20Mar20 290 put (COST200320P290) for a credit of $11.80 (selling a diagonal)

BTO 1 COST 15May20 290 put (COST200515P290)
STC 1 COST 15May20 285 put (COST200515P285) for a debit of $2.40 (buying a vertical)

BTO 1 COST 15May20 290 put (COST200515P290)
STO 1 COST 20Mar20 290 put (COST200320P290) for a debit of $14.30 (buying a calendar)

BTO 1 COST 15May20 295 put (COST200515P295)
STO 1 COST 20Mar20 295 put (COST200320P295) for a debit of $14.50 (buying a calendar)

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

Happy trading.

Terry