November 9, 2020 Terry’s Tips Trade Alert - Rising Tide Portfolio

With COST down more than 2%, we need to reduce delta:

BTC 1 COST 13Nov20 385 put (COST201113P385)
STO 1 COST 13Nov20 375 put (COST201113P375) for a debit of $6.30 (buying a vertical) (100%)

BTC 1 COST 13Nov20 382.5 put (COST201113P382.5)
STC 1 COST 04Dec20 382.5 put (COST201204P382.5) for a credit of $3.85 (selling a calendar) (100%)

BTO 1 COST 18Dec20 380 put (COST201218P380)
STC 1 COST 18Dec20 390 put (COST201218P390) for a credit of $6.00 (selling a vertical) (100%)

BTC 1 COST 13Nov20 390 call (COST201113C390)
STO 1 COST 13Nov20 380 call (COST201113C380)
BTO 1 COST 18Dec20 380 call (COST201218C380)
STC 1 COST 18Dec20 390 call (COST201218C390) for a debit of $2.20 (selling a vertical roll) (100%)

BTC 1 COST 13Nov20 387.5 call (COST201113C387.5)
STO 1 COST 13Nov20 377.5 call (COST201113C377.5)
BTO 1 COST 18Dec20 375 call (COST201218C375)
STC 1 COST 18Dec20 385 call (COST201218C385) for a debit of $2.10 (selling a vertical roll) (100%)


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

Happy trading.

Terry