May 7, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

We are almost negative net delta and should get longer:

BTC 4 MA 11May18 185 puts (MA180511P185)
STO 4 MA 11May18 192.5 puts (MA180511P192.5) for a credit of $3.58 (selling a vertical)

BTO 4 MA 01Jun18 192.5 puts (MA180601P192.5)
STC 4 MA 01Jun18 185 puts (MA180601P185) for a debit of $3.63 (buying a vertical)

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

Happy trading.

Terry