May 13, 2020 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We again need to reduce delta:

BTC 1 COST 15May20 310 put (COST200515P310)
STO 1 COST 22May20 300 put (COST200522P300)
BTO 1 COST 19Jun20 300 put (COST200619P300)
STC 1 COST 19Jun20 310 put (COST200619P310) for a credit of $0.40 (buying a vertical roll)

BTC 1 COST 15May20 310 put (COST200515P310)
STO 1 COST 22May20 300 put (COST200522P300)
BTO 1 COST 17Jul20 300 put (COST200717P300)
STC 1 COST 17Jul20 310 put (COST200717P310) for a credit of $0.30 (buying 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