May 11, 2021 Terry’s Tips Trade Alert  - Rising Tide Portfolio

We need to reduce delta:

BTC 1 COST 14May21 385 put (COST210514P385)
STO 1 COST 14May21 377.5 put (COST210514P377.5)
BTO 1 COST 16Jul21 375 put (COST210716P375)
STC 1 COST 16Jul21 385 put (COST210716P385) for a debit of $0.25 (buying a vertical roll) (100%)

BTC 1 COST 14May21 382.5 put (COST210514P382.5)
STO 1 COST 14May21 375 put (COST210514P375)
BTO 1 COST 16Jul21 375 put (COST210716P375)
STC 1 COST 16Jul21 385 put (COST210716P385) for a credit of $0.95 (buying a vertical roll) (100%)

BTC 1 COST 14May21 380 put (COST210514P380)
STO 1 COST 14May21 372.5 put (COST210514P372.5)
BTO 1 COST 16Jul21 375 put (COST210716P375)
STC 1 COST 16Jul21 380 put (COST210716P380) for a debit of $1.00 (buying a vertical roll) (100%)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry