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

We have become negative net delta:

BTC 1 COST 20Mar20 280 put (COST200320P280)
STO 1 COST 20Mar20 300 put (COST200320P300)
BTO 1 COST 15May20 300 put (COST200515P300)
STC 1 COST 15May20 280 put (COST200525P280) for a debit of $2.00 (selling a vertical roll)

BTC 1 COST 20Mar20 290 call (COST200320C290)
STO 1 COST 20Mar20 305 call (COST200320C305)  
BTO 1 COST 15May20 305 call (COST200515C305)
STC 1 COST 15May20 285 call (COST200515C285) for a credit of $2.80 (selling a vertical roll)

BTC 1 COST 20Mar20 290 call (COST200320C290)
STO 1 COST 20Mar20 310 call (COST200320C310)  
BTO 1 COST 15May20 310 call (COST200515C310)
STC 1 COST 15May20 290 call (COST200515C290) for a credit of $0.15 (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