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

With COST up 8% today, we have become severely negative net delta. We will start by adjusting our calls:

BTC 1 COST 06Mar20 285 call (COST200306C285)
STO 1 COST 06Mar20 300 call (COST200306C300) for a debit of $10.85 (buying a vertical)

BTC 1 COST 06Mar20 285 call (COST200306C285)
STO 1 COST 06Mar20 305 call (COST200306C305) for a debit of $13.65 (buying a vertical)

BTC 1 COST 06Mar20 287.5 call (COST200306C287.5)
STO 1 COST 06Mar20 302.5 call (COST200306C302.5) for a debit of $10.30 (buying a vertical)

BTC 1 COST 06Mar20 290 call (COST200306C290)
STO 1 COST 06Mar20 305 call (COST200306C305) for a debit of $9.60 (buying a vertical)

BTO 1 COST 15May20 305 call (COST200515C305)
STC 1 COST 15May20 285 call (COST200515C285) for a credit of $12.90 (selling a vertical)

BTO 2 COST 17Apr20 305 calls (COST200417C305)
STC 2 COST 17Apr20 285 calls (COST200417C285) for a credit of $12.65 (selling a vertical)

BTO 1 COST 17Apr20 295 call (COST200417C295)
STC 1 COST 17Apr20 290 call (COST200417C290) for a credit of $3.15 (selling a vertical)

BTC 1 COST 06Mar20 280 call (COST200306C280)
STC 1 COST 15May20 280 call (COST200515C280) for a credit of $7.00 (selling a calendar)
 

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

Happy trading.

Terry