September 10, 2019 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

     

We can use our excess cash to lower some put strikes and reduce delta:

 

BTC 2 COST 13Sep19 305 puts (COST190913P305)
STO 2 COST 13Sep19 300 puts (COST190913P300) for a debit of $4.40 (buying a vertical)

BTO 1 COST 25Oct19 302.5 put (COST191025P302.5)
STC 1 COST 25Oct19 307.5 put (COST191025P307.5) for a credit of $3.05 (selling a vertical)

BTO 1 COST 25Oct19 300 put (COST191025P300)
STC 1 COST 25Oct19 305 put (COST191025P305) for a credit of $2.80 (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