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

We need to reduce delta:

BTC 1 COST 15May20 315 call (COST200515C315)
STO 1 COST 15May20 305 call (COST200515C305)
BTO 1 COST 19Jun20 305 call (COST200619C305)
STC 1 COST 19Jun20 315 call (COST200619C315) for a debit of $2.10 (selling a vertical roll)

BTC 1 COST 15May20 315 call (COST200515C315)
STO 1 COST 15May20 305 call (COST200515C305)
BTO 1 COST 17Jul20 305 call (COST200717C305)
STC 1 COST 17Jul20 315 call (COST200717C315) for a debit of $2.40 (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