October 2, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

     

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

 

BTC 1 COST 04Oct19 290 puts (COST191004P290)
STO 1 COST 04Oct19 280 puts (COST191004P280) for a debit of $5.30 (buying a vertical)

BTC 1 COST 04Oct19 287.5 puts (COST191004P287.5)
STO 1 COST 04Oct19 282.5 puts (COST191004P282.5) for a debit of $2.65 (buying a vertical)

BTO 1 COST 08Nov19 282.5 put (COST191108P282.5)
STC 1 COST 08Nov19 287.5 put (COST191108P287.5) for a credit of $2.50 (selling a vertical)

BTO 1 COST 25Oct19 280 put (COST191025P280)
STC 1 COST 25Oct19 290 put (COST191025P290) for a credit of $4.95 (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