May 26, 2020 Terry’s Tips Trade Alert  – Rising Tide Portfolio

We have become negative net delta:

BTC 1 COST 29May20 295 put (COST200529P295)
STO 1 COST 29May20 305 put (COST200529P305)
BTO 1 COST 17Jul20 305 put (COST200717P305)
STC 1 COST 17Jul20 295 put (COST200717P295) for a credit of $0.05 (buying a vertical roll)

BTC 1 COST 29May20 297.5 put (COST200529P297.5)
STO 1 COST 29May20 307.5 put (COST200529P307.5)
BTO 1 COST 17Jul20 310 put (COST200717P310)
STC 1 COST 17Jul20 300 put (COST200717P300) for a debit of $0.15 (buying a vertical roll)

BTC 1 COST 29May20 300 call (COST200529C300)
STO 1 COST 29May20 310 call (COST200529C310)
BTO 1 COST 17Jul20 310 call (COST200717C310)
STC 1 COST 17Jul20 300 call (COST200717C300) for a credit of $0.60 (selling 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