May 6, 2020 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 1 COST 08May20 295 put (COST200508P295)
STO 1 COST 08May20 305 put (COST200508P305)
BTO 1 COST 19Jun20 295 put (COST200619P295)
STC 1 COST 19Jun20 285 put (COST200619P285) for a debit of $0.75 (selling a vertical roll)

BTC 1 COST 08May20 297.5 put (COST200508P297.5)
STO 1 COST 08May20 307.5 put (COST200508P307.5) for a credit of $2.20 (selling a vertical)

BTO 1 COST 19Jun20 310 put (COST200619P310)
STC 1 COST 19Jun20 300 put (COST200619P300) for a debit of $4.00 (buying a vertical roll)

BTC 1 COST 08May20 305 call (COST200508C305)
STO 1 COST 08May20 315 call (COST200508C315)
BTO 1 COST 19Jun20 310 call (COST200619C310)
STC 1 COST 19Jun20 300 call (COST200619C300) for a credit of $1.20 (selling a vertical roll)


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

Happy trading.

Terry