May 9, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 5 MA 11May18 187.5 calls (MA180511C187.5)
STO 5 MA 18May18 192.5 calls (MA180518C192.5) for a debit of $2.60 (selling a diagonal)

BTO 4 MA 22Jun18 195 calls (MA180622C195)
STC 4 MA 01Jun18 187.5 calls (MA180601C187.5) for a credit of $2.46 (buying a diagonal)

BTC 3 MA 11May18 187.5 puts (MA180511P187.5)
STO 3 MA 18May18 190 puts (MA180518P190) for a credit of $1.28 (selling a diagonal)

BTO 3 MA 08Jun18 190 puts (MA180608P190)
STC 3 MA 08Jun18 187.5 puts (MA180608P187.5) for a debit of $.86 (buying a vertical)

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

Happy trading.

Terry