March 17, 2020 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We have become negative net delta again:

BTC 1 COST 20Mar20 285 put (COST200320P285)
STO 1 COST 20Mar20 305 put (COST200320P305)
BTO 1 COST 15May20 305 put (COST200515P305)
STC 1 COST 15May20 285 put (COST200525P285) for a debit of $1.60 (selling a vertical roll)

BTC 1 COST 20Mar20 295 call (COST200320C295)
STO 1 COST 20Mar20 310 call (COST200320C310)  
BTO 1 COST 15May20 310 call (COST200515C310)
STC 1 COST 15May20 295 call (COST200515C295) for a credit of $0.10 (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