May 11, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 1 COST 15May20 300 call (COST200515C300)
STO 1 COST 15May20 315 call (COST200515C315)
BTO 1 COST 19Jun20 315 call (COST200619C315)
STC 1 COST 19Jun20 300 call (COST200619C300) for a debit of $0.50 (selling a vertical roll)

BTC 1 COST 15May20 305 call (COST200515C305)
STO 1 COST 15May20 310 call (COST200515C310)
BTO 1 COST 17Jul20 310 call (COST200717C310)
STC 1 COST 17Jul20 305 call (COST200717C305) for a debit of $0.40 (selling a vertical roll)

BTC 1 COST 15May20 300 put (COST200515P300)
STO 1 COST 15May20 310 put (COST200515P310)
BTO 1 COST 19Jun20 310 put (COST200619P310)
STC 1 COST 19Jun20 300 put (COST200619P300) for a debit of $1.15 (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