May 11, 2018 Terry’s Tips Trade Alert   – Rising Tide Portfolio

We have become negative net delta once again:

BTC 4 MA 11May18 192.5 puts (MA180511P192.5)
STO 4 MA 18May18 192.5 puts (MA180518P192.5) for a credit of $1.16 (selling a calendar)

BTC 5 MA 18May18 192.5 calls (MA180518C192.5)
STO 5 MA 18May18 195 calls (MA180518C195) for a debit of $1.40 (buying a vertical)

BTO 1 MA 01Jun18 195 call (MA180601C195)
STC 1 MA 01Jun18 187.5 call (MA180601C187.5) for a credit of $4.94 (selling a vertical)

BTO 1 MA 08Jun18 195 call (MA180608C195)
STC 1 MA 08Jun18 187.5 call (MA180608C187.5) for a credit of $4.85 (selling a vertical)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

Terry