March 5, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We need to raise delta:

BTC 1 COST 06Mar20 305 call (COST200306C305)
STO 1 COST 06Mar20 325 call (COST200306C325)
BTO 1 COST 17Apr20 325 call (COST200417C325)
STC 1 COST 17Apr20 305 call (COST200417C305) for a credit of $0.50 (selling a vertical roll)

BTC 1 COST 06Mar20 302.5 call (COST200306C302.5)
STO 1 COST 06Mar20 322.5 call (COST200306C322.5)
BTO 1 COST 17Apr20 325 call (COST200417C325)
STC 1 COST 17Apr20 305 call (COST200417C305) for a debit of $0.40 (selling a vertical roll)

BTC 1 COST 06Mar20 305 put (COST200306P305)
STO 1 COST 06Mar20 315 put (COST200306P315)
BTO 1 COST 17Apr20 315 put (COST200417P315)
STC 1 COST 17Apr20 305 put (COST200417P305) for a debit of $0.10 (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