May 14, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 4 MA 18May18 192.5 calls (MA180518C192.5)
STO 4 MA 25May18 197.5 calls (MA180525C197.5) for a debit of $1.42 (selling a diagonal)

BTO 1 MA 22Jun18 197.5 call (MA180622C197.5)
STC 1 MA 22Jun18 190 call (MA180622C190) for a credit of $4.12 (selling a vertical)

BTO 2 MA 22Jun18 197.5 calls (MA180622C197.5)
STC 2 MA 22Jun18 192.5 calls (MA180622C192.5) for a credit of $2.51 (selling a vertical)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

Terry