May 29, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio   

Our stock is down over $6 today and we need to roll to lower strikes:

BTC 1 COST 31May19 255 call (COST190531C255)
STC 1 COST 19Jul19 255 call (COST190719C255) for a credit of $2.55 (selling a calendar)

BTC 2 COST 31May19 252.5 calls (COST190531C252.5)
STC 2 COST 19Jul19 250 calls (COST190719C250) for a credit of $2.24 (selling a diagonal)

BTC 2 COST 31May19 252.5 calls (COST190531C252.5)
STC 2 COST 19Jul19 255 calls (COST190719C255) for a credit of $5.45 (selling a diagonal)

BTO 2 COST 19Jul19 240 calls (COST190719C240)
STO 2 COST 31May19 242.5 calls (COST190531C242.5) for a debit of $3.75 (buying a diagonal) 

BTO 2 COST 19Jul19 245 calls (COST190719C245)
STO 2 COST 31May19 242.5 calls (COST190531C242.5) for a debit of $3.02 (buying a diagonal) 

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

Happy trading.

Terry