May 12, 2021 Terry’s Tips Trade Alert  - Rising Tide Portfolio

We need to reduce delta:

BTC 1 COST 14May21 377.5 put (COST210514P377.5)
STO 1 COST 14May21 370 put (COST210514P370)
BTO 1 COST 16Jul21 370 put (COST210716P370)
STC 1 COST 16Jul21 375 put (COST210716P375) for a debit of $1.65 (buying a vertical roll) (100%)

BTC 1 COST 14 May21 390 call (COST210514C390)
STC 1 COST 16Jul21 390 call (COST210716C390) for a credit of $6.55 (selling a calendar) (100%)


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

Happy trading.

Terry