May 19, 2020 Terry’s Tips Trade Alert  #2 – Rising Tide Portfolio

We remain overly negative net delta:

BTC 1 COST 22May20 300 call (COST200522C300)
STO 1 COST 22May20 310 call (COST200522C310)
BTO 1 COST 17Jul20 315 call (COST200717C315)
STC 1 COST 17Jul20 305 call (COST200717C305) for a debit of $1.60 (selling a vertical roll)

BTC 1 COST 22May20 295 put (COST200522P295)
STC 1 COST 17Jul20 295 put (COST200717P295) for a credit of $7.70 (selling a calendar)

BTC 1 COST 22May20 295 put (COST200522P295)
STO 1 COST 22May20 305 put (COST200522P305)
BTO 1 COST 17Jul20 305 put (COST200717P305)
STC 1 COST 17Jul20 295 put (COST200717P295) for a debit of $2.40 (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