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

We remain negative net delta:

BTC 1 COST 06Mar20 275 put (COST200306P275)
STO 1 COST 06Mar20 300 put (COST200306P300)
BTO 1 COST 15May20 300 put (COST200515P300)
STC 1 COST 15May20 275 put (COST200515P275) for a debit of $3.10 (selling a vertical roll)

BTC 2 COST 06Mar20 280 puts (COST200306P280)
STO 2 COST 06Mar20 305 puts (COST200306P305)
BTO 2 COST 15May20 305 puts (COST200515P305)
STC 2 COST 15May20 280 puts (COST200515P280) for a debit of $1.80 (selling a vertical roll)

BTC 2 COST 06Mar20 280 puts (COST200306P280)
STO 2 COST 06Mar20 305 puts (COST200306P305)
BTO 2 COST 17Apr20 305 puts (COST200417P305)
STC 2 COST 17Apr20 280 puts (COST200417P280) for a debit of $2.10 (selling a vertical roll)

BTC 1 COST 06Mar20 270 put (COST200306P270)
STC 1 COST 15May20 270 put (COST200515P270) for a credit of $4.45 (selling a calendar)

BTC 1 COST 06Mar20 275 put (COST200306P275)
STC 1 COST 15May20 275 put (COST200515P275) for a credit of $5.10 (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