May 1, 2020 Terry’s Tips Trade Alert #3 – Rising Tide Portfolio

We can use our excess cash to buy more spreads:

BTO 1 COST 19Jun20 285 put (COST200619P285)
STO 1 COST 08May20 295 put (COST200508P295) for a debit of $4.90 (buying a diagonal)

BTO 1 COST 19Jun20 315 call (COST200619C315)
STO 1 COST 08May20 312.5 call (COST200508C312.5) for a debit of $6.60 (buying a diagonal)

BTO 1 COST 19Jun20 305 put (COST200619P305)
STO 1 COST 08May20 305 put (COST200508P305) for a debit of $8.15 (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