May 20, 2021 Terry’s Tips Trade Alert - Rising Tide Portfolio

We will begin rolling out into COST’s earnings week to raise delta:

BTC 1 COST 21May21 377.5 put (COST210521P377.5)
STO 1 COST 28May21 385 put (COST210528P385) for a credit of $6.55 (selling a diagonal) (100%)

BTC 1 COST 21May21 380 call (COST210521C380)
STO 1 COST 28May21 387.5 call (COST210528C387.5) for a credit of $0.20 (selling a diagonal) (100%)


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

Happy trading.

Terry