March 27, 2020 Terry’s Tips Trade Alert #3 – Rising Tide Portfolio

We can use our excess cash to buy a couple of calendars at wider strikes:

BTO 1 COST 15May20 270 put (COST200515P270)
STO 1 COST 03Apr20 270 put (COST200403P270) for a debit of $9.20 (buying a calendar)

BTO 1 COST 15May20 300 call (COST200515C300)
STO 1 COST 03Apr20 300 call (COST200403C300) for a debit of $9.20 (buying a calendar)

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

Happy trading.

Terry