March 25, 2020 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We will continue reducing delta by lowering some call strikes:

BTC 1 COST 27Mar20 305 call (COST200327C305)
STO 1 COST 27Mar20 290 call (COST200327C290)
BTO 1 COST 15May20 290 call (COST200515C290)
STC 1 COST 15May20 305 call (COST200515C305) for a debit of $3.60 (selling a vertical roll)

BTC 1 COST 27Mar20 305 call (COST200327C305)
STO 1 COST 27Mar20 285 call (COST200327C285)
BTO 1 COST 15May20 285 call (COST200515C285)
STC 1 COST 15May20 295 call (COST200515C295) for a credit of $0.20 (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