May 14, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We remain uncomfortably long:

BTC 2 COST 15May20 310 calls (COST200515C310)
STO 2 COST 22May20 300 calls (COST200522C300) for a credit of $4.20 (selling a diagonal)

BTO 2 COST 17Jul20 300 calls (COST200717C300)
STC 2 COST 17Jul20 310 calls (COST200717C310) for a debit of $5.00 (buying a vertical)

BTC 2 COST 15May20 305 puts (COST200515P305)
STO 2 COST 15May20 295 puts (COST200515P295)
BTO 2 COST 17Jul20 295 puts (COST200717P295)
STC 2 COST 17Jul20 305 puts (COST200717P305) for a debit of $1.20 (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