November 8, 2019 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We can use our excess cash to lower some strikes and reduce delta:
 
BTC 2 COST 15Nov19 307.5 puts (COST191115P307.5)
STO 2 COST 15Nov19 300 puts (COST191115P300) for a debit of $4.50 (buying a vertical)

BTC 1 COST 15Nov19 307.5 put (COST191115P307.5)
STO 1 COST 15Nov19 302.5 put (COST191115P302.5) for a debit of $3.40 (buying a vertical)

BTC 1 COST 15Nov19 310 call (COST191115C310)
STO 1 COST 15Nov19 305 call (COST191115C305) for a credit of $1.00 (selling a vertical)


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

Happy trading.

Terry