May 3, 2021 Terry’s Tips Trade Alert - Rising Tide Portfolio

With COST up 1.5% in the early going, we have become negative net delta:

BTC 1 COST 07May21 375 call (COST210507C375)
STO 1 COST 07May21 382.5 call (COST210507C382.5) for a debit of $3.55 (buying a vertical) (100%)

BTC 1 COST 07May21 367.5 put (COST210507P367.5)
STO 1 COST 07May21 375 put (COST210507P375) for a credit of $1.15 (selling a vertical) (100%)

BTO 1 COST 16Jul21 370 put (COST210716P370)
STC 1 COST 16Jul21 360 put (COST210716P360) for a debit of $3.20 (buying a vertical) (100%)


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

Happy trading.

Terry