October 10, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

Since delta and gamma are about equal, we need to get a little longer by rolling up some strikes:
 
BTC 1 COST 11Oct19 297.5 call (COST191011C297.5)
STO 1 COST 11Oct19 305 call (COST191011C305) for a debit of $2.65 (buying a vertical)

BTO 1 COST 08Nov19 305 call (COST 191108C305)
STC 1 COST 08Nov19 297.5 call (COST 191108C297.5) for a credit of $3.55 (selling a vertical)

BTC 1 COST 11Oct19 292.5 put (COST191011P292.5)
STO 1 COST 11Oct19 300 put (COST191011P300) for a credit of $1.95 (selling a vertical)

BTO 1 COST 08Nov19 302.5 put (COST 191108P302.5)
STC 1 COST 08Nov19 295 put (COST 191108P295) for a debit of $3.45 (buying a vertical)


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

Happy trading.

Terry