May 2, 2018   Terry’s Tips Trade Alert#2 – Rising Tide Portfolio

We are still negative net delta:

BTC 4 MA 04May18 182.5 calls (MA180504C182.5)

STO 4 MA 04May18 187.5 calls (MA180504C187.5) for a debit of $4.18  (buying a vertical) 

BTO 2 MA 01Jun18 187.5 calls (MA180601C187.5)

STC 2 MA 01Jun18 180 calls (MA180601C180) for a credit of $5.22  (selling a vertical) 

BTO 2 MA 08Jun18 187.5 calls (MA180608C187.5)

STC 2 MA 08Jun18 180 calls (MA180608C180) for a credit of $5.30  (selling a vertical) 

BTC 3 MA 04May18 180 puts (MA180504P180)

STO 3 MA 04May18 187.5 puts (MA180504P187.5) for a credit of $.95  (selling a vertical) 

BTO 3 MA 08Jun18 187.5 puts (MA180608P187.5)

STC 3 MA 08Jun18 180 puts (MA180608P180) for a debit of $2.33  (buying a vertical) 

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

Happy trading.

Terry