March 18, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 1 COST 20Mar20 295 call (COST200320C295)
STO 1 COST 20Mar20 315 call (COST200320C315) 
BTO 1 COST 15May20 315 call (COST200515C315)
STC 1 COST 15May20 290 call (COST200515C290) for a credit of $0.90 (selling a vertical roll)

BTC 1 COST 20Mar20 300 call (COST200320C300)
STO 1 COST 20Mar20 315 call (COST200320C315) 
BTO 1 COST 15May20 315 call (COST200515C315)
STC 1 COST 15May20 295 call (COST200515C295) for a credit of $1.70 (selling a vertical roll)

BTC 2 COST 20Mar20 290 puts (COST200320P290)
STO 2 COST 20Mar20 310 puts (COST200320P310)
BTO 2 COST 15May20 310 puts (COST200515P310)
STC 2 COST 15May20 290 puts (COST200515P290) for a debit of $3.00 (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