October 8, 2020 Terry’s Tips Trade Alert  - Rising Tide Portfolio

We have become negative net delta:
 
BTC 2 COST 09Oct20 362.5 calls (COST201009C362.5)
STO 2 COST 16Oct20 370 calls (COST201016C370) for a debit of $1.50 (selling a diagonal) (100%)

BTO 1 COST 20Nov20 375 call (COST201120C375)
STC 1 COST 20Nov20 360 call (COST201120C360) for a credit of $7.10 (selling a vertical) (100%)

BTC 1 COST 09Oct20 360 put (COST201009P360)
STO 1 COST 09Oct20 365 put (COST201009P365)
BTO 1 COST 20Nov20 365 put (COST201120P365)
STC 1 COST 20Nov20 360 put (COST201120P360) for a debit of $1.40 (buying a vertical roll) (100%)


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

Happy trading.

Terry