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

     

We need to lower some strikes to reduce delta:

 

BTC 1 COST 13Sep19 310 call (COST190913C310)
STC 1 COST 18Oct19 310 call (COST191018C310) for a credit of $3.70 (selling a calendar)

BTC 2 COST 13Sep19 310 calls (COST190913C310)
STO 2 COST 13Sep19 300 calls (COST190913C300) for a credit of $1.00 (selling a vertical)

BTC 2 COST 13Sep19 307.5 calls (COST190913C307.5)
STO 2 COST 13Sep19 297.5 calls (COST190913C297.5) for a credit of $1.80 (selling a vertical)

BTO 1 COST 25Oct19 295 call (COST191025C295)
STC 1 COST 25Oct19 310 call (COST191025C310) for a debit of $6.60 (buying a vertical)

BTO 1 COST 25Oct19 300 call (COST191025C300)
STC 1 COST 25Oct19 305 call (COST191025C305) for a debit of $2.23 (buying a vertical)



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

 

Happy trading.

Terry