October 24, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

With COST lower this morning, we need to reduce delta by lowering and rolling out some put strikes:
 
BTO 3 COST 29Nov19 295 puts (COST191129P295)
STC 3 COST 29Nov19 302.5 puts (COST191129P302.5) for a credit of $4.00 (selling a vertical)

BTC 3 COST 25Oct19 302.5 puts (COST191025P302.5)
STO 3 COST 01Nov19 295 puts (COST191101P295) for a debit of $3.60 (selling a diagonal)


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

Happy trading.

Terry