May 30, 2019 Terry’s Tips Trade Alert – Rising Tide  Portfolio

We should get shorter prior to today’s earnings announcement:

BTC 1 COST 31May19 250 call (COST190531C250)
STC 1 COST 19Jul19 250 call (COST190719C250) for a credit of $3.50 (selling a calendar)

BTC 1 COST 31May19 247.5 put (COST190531P247.5)
STC 1 COST 19Jul19 245 put (COST190719P245) for a credit of $1.68 (selling a diagonal)

BTO 1 COST 19Jul19 240 put (COST190719P240)
STO 1 COST 31May19 240 put (COST190531P240) for a debit of $3.49 (buying a calendar)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

Terry