May 21, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio   

We have become negative net delta:

BTC 2 COST 24May19 247.5 calls (COST190524C247.5)

STO 2 COST 24May19 252.5 calls (COST190524C252.5) for a debit of $2.73  (buying a vertical)

 

BTO 1 COST 19Jul19 255 call (COST190719C255)

STC 1 COST 19Jul19 245 call (COST190719C245) for a credit of $5.49 (selling a vertical) 

 

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

 

Happy trading.

Terry