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

We have become overly negative net delta:

BTC 1 COST 22May20 297.5 call (COST200522C297.5)
STO 1 COST 22May20 307.5 call (COST200522C307.5)
BTO 1 COST 17Jul20 310 call (COST200717C310)
STC 1 COST 17Jul20 290 call (COST200717C290) for a credit of $5.00 (selling a vertical roll)

BTC 1 COST 22May20 300 call (COST200522C300)
STO 1 COST 22May20 310 call (COST200522C310)
BTO 1 COST 17Jul20 310 call (COST200717C310)
STC 1 COST 17Jul20 300 call (COST200717C300) for a debit of $0.35 (selling a vertical roll)

BTC 1 COST 22May20 297.5 call (COST200522C297.5)
STO 1 COST 22May20 307.5 call (COST200522C307.5) for a debit of $7.35 (buying a vertical)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry