September 1, 2020 Terry’s Tips Trade Alert   - Rising  Tide Portfolio

We have become negative net delta:

BTC 1 COST 04Sep20 342.5 put (COST200904P342.5)
STO 1 COST 04Sep20 347.5 put (COST200904P347.5) for a credit of $1.20 (selling a vertical)

BTC 1 COST 04Sep20 345 put (COST200904P345)
STO 1 COST 04Sep20 350 put (COST200904P350) for a credit of $1.80 (selling a vertical)

BTO 1 COST 16Oct20 350 put (COST201016P350)
STC 1 COST 16Oct20 340 put (COST201016P340) for a debit of $4.20 (buying a vertical)

BTC 2 COST 04Sep20 347.5 calls (COST200904C347.5)
STO 2 COST 04Sep20 355 calls (COST200904C355) for a debit of $3.50 (buying a vertical)

BTO 1 COST 16Oct20 355 call (COST201016C355)
STC 1 COST 16Oct20 340 call (COST201016C340) for a credit of $8.30 (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