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

We will reduce delta and raise cash locked in our long puts by lowering put strikes with the following vertical rolls:

BTC 1 COST 27Mar20 295 put (COST200327P295)
STO 1 COST 27Mar20 280 put (COST200327P280)
BTO 1 COST 15May20 280 put (COST200515P280)
STC 1 COST 15May20 305 put (COST200515P305) for a credit of $3.70 (selling a vertical roll)

BTC 1 COST 27Mar20 290 put (COST200327P290)
STO 1 COST 27Mar20 275 put (COST200327P275)
BTO 1 COST 15May20 275 put (COST200515P275)
STC 1 COST 15May20 300 put (COST200515P300) for a credit of $3.30 (selling a vertical roll)

BTC 1 COST 27Mar20 285 put (COST200327P285)
STO 1 COST 27Mar20 270 put (COST200327P270)
BTO 1 COST 15May20 270 put (COST200515P270)
STC 1 COST 15May20 295 put (COST200515P295) for a credit of $6.30 (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