May 16, 2019 Terry’s Tips Trade Alert  –  Rising Tide Portfolio 

We have become negative net delta:

BTC 1 COST 17May19 242.5 call (COST190517C242.5)
STO 1 COST 17May19 250 call (COST190517C250) for a debit of $5.70 (buying a vertical)

BTC 2 COST 17May19 242.5 puts (COST190517P242.5)
STO 2 COST 24May19 245 puts (COST190524P245) for a credit of $1.22 (selling a diagonal)

BTO 1 COST 19Jul19 245 put (COST190719P245)
STC 1 COST 19Jul19 240 put (COST190719P240) for a debit of $1.72 (buying a vertical)

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

Happy trading.

Terry