May 29, 2020 Terry’s Tips Trade Alert  #4 – Rising Tide Portfolio

We can put our excess cash to work by buying some spreads:

BTO 1 COST 17Jul20 315 call (COST200717C315)
STO 1 COST 5Jun20 312.5 call (COST200605C312.5) for a debit of $3.90 (buying a diagonal)

BTO 1 COST 17Jul20 315 call (COST200717C315)
STO 1 COST 5Jun20 315 call (COST200605C315) for a debit of $4.50 (buying a calendar)

BTO 1 COST 17Jul20 295 put (COST200717P295)
STO 1 COST 5Jun20 295 put (COST200605P295) for a debit of $4.40 (buying a calendar)

BTO 1 COST 17Jul20 305 put (COST200717P305)
STO 1 COST 5Jun20 305 put (COST200605P305) for a debit of $5.40 (buying a calendar)

BTO 1 COST 17Jul20 305 call (COST200717C305)
STO 1 COST 5Jun20 305 call (COST200605C305) for a debit of $5.30 (buying a calendar)


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

Happy trading.

Terry