September 11, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

     

We need to lower some strikes to reduce delta:

 

BTC 1 COST 13Sep19 305 put (COST190913P305)
STC 1 COST 25Oct19 305 put (COST191025P305) for a credit of $4.15 (selling a calendar)

BTC 1 COST 13Sep 19 302.5 put (COST190913P302.5)
STO 1 COST 13Sep 19 297.5 put (COST190913P297.5) for a debit of $4.50 (buying a vertical)

BTC 1 COST 13Sep 19 300 put (COST190913P300)
STO 1 COST 13Sep 19 295 put (COST190913P295) for a debit of $3.93 (buying a vertical)

BTO 1 COST 25Oct 19 295 put (COST191025P295)
STC 1 COST 25Oct 19 302.5 put (COST191025P302.5) for a credit of $4.20 (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