May 6, 2021 Terry’s Tips Trade Alert  - Rising Tide Portfolio

With COST up more than 2% this morning, we have become negative net delta. We will start rolling out to next week to raise strikes:

BTO 1 COST 16Jul21 385 call (COST210716C385)
STC 1 COST 16Jul21 375 call (COST210716C375) for a credit of $5.15 (selling a vertical) (50%)

BTC 1 COST 07May21 370 put (COST210507P370)
STO 1 COST 14May21 377.5 put (COST210514P377.5) for a credit of $2.45 (selling a diagonal) (100%)

BTC 1 COST 07May21 372.5 put (COST210507P372.5)
STO 1 COST 14May21 380 put (COST210514P380) for a credit of $3.40 (selling a diagonal) (100%)

BTO 1 COST 16Jul21 380 put (COST210716P380)
STC 1 COST 16Jul21 370 put (COST210716P370) for a debit of $4.25 (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