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

COST is down around 1.5% in early trading, which is less than predicted. We will begin rolling to next week and lowering strikes, starting with the deepest in-the-money puts:

BTC 1 COST 29May20 312.5 put (COST200529P312.5)
STO 1 COST 5Jun20 302.5 put (COST200605P302.5) for a debit of $4.35 (selling a diagonal)

BTO 1 COST 17Jul20 305 put (COST200717P305)
STC 1 COST 17Jul20 315 put (COST200717P315) for a credit of $5.50 (selling a vertical)

BTC 1 COST 29May20 310 put (COST200529P310)
STO 1 COST 5Jun20 300 put (COST200605P300) for a debit of $3.10 (selling a diagonal)

BTO 1 COST 17Jul20 300 put (COST200717P300)
STC 1 COST 17Jul20 310 put (COST200717P310) for a credit of $4.70 (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