October 16, 2020 Terry’s Tips Trade Alert #3 - Rising Tide Portfolio

We can sell one put and roll out two longs:

STO 1 COST 23Oct20 380 put (COST201023P380) for $2.95

BTO 1 COST 18Dec20 380 put (COST201218P380)
STC 1 COST 20Nov20 375 put (COST201120P375) for a debit of $6.95 (buying a diagonal) (50%)

BTO 1 COST 18Dec20 380 call (COST201218C380)
STC 1 COST 20Nov20 375 call (COST201120C375) for a debit of $2.10 (buying a diagonal) (50%)


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

Happy trading.

Terry