October 1, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

     

We need to roll down some put strikes ahead of earnings on Thursday:

 

BTC 2 COST 04Oct19 292.5 puts (COST191004P292.5)
STO 2 COST 04Oct19 285 puts (COST191004P285) for a debit of $4.50 (buying a vertical)

BTO 1 COST 15Nov19 285 put (COST191115P285)
STC 1 COST 15Nov19 295 put (COST191115P295) for a credit of $5.50 (selling a vertical)

BTO 1 COST 25Oct19 285 put (COST191025P285)
STC 1 COST 25Oct19 292.5 put (COST191025P292.5) for a credit of $4.10 (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