September 12, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

     

We need to lower some strikes to reduce delta:

 

BTC 1 COST 13Sep19 300 put (COST190913P300)
STO 1 COST 20Sep19 295 put (COST190920P295) for a debit of $3.75 (selling a diagonal)

BTC 1 COST 13Sep19 297.5 put (COST190913P297.5)
STO 1 COST 20Sep19 292.5 put (COST190920P292.5) for a debit of $3.00 (selling a diagonal)

BTO 1 COST 25Oct 19 292.5 put (COST191025P292.5)
STC 1 COST 25Oct 19 300 put (COST191025P300) for a credit of $4.00 (selling a vertical)

BTO 1 COST 18Oct 19 295 put (COST191018P295)
STC 1 COST 18Oct 19 300 put (COST191018P300) for a credit of $3.00 (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