May 31, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

We will take care of the puts first, rolling to lower strikes with the stock down over $4:

BTC 1 COST 31May19 247.5 put (COST190531P247.5)
STC 1 COST 19Jul19 245 put (COST190719P245) for a credit of $.18 (selling a diagonal)

BTO 1 COST 19Jul19 235 put (COST190719P235)
STC 1 COST 19Jul19 250 put (COST190719P250) for a credit of $9.11 (selling a vertical)  

BTO 1 COST 19Jul19 235 put (COST190719P235)
STC 1 COST 19Jul19 245 put (COST190719P245) for a credit of $5.46 (selling a vertical)  

BTC 2 COST 31May19 245 puts (COST190531P245)
STO 2 COST 7Jun19 237.5 puts (COST190607P237.5) for a debit of $5.23 (selling a diagonal)

BTC 2 COST 31May19 240 puts (COST190531P240)
STO 2 COST 7Jun19 237.5 puts (COST190607P237.5) for a debit of $.30 (selling a diagonal)

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

Happy trading.

Terry