September 14, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 2 MA 14Sep18 215 puts (MA180914P215) for $.05 (no commission) 

 

STO 2 MA 21Sep18 215 puts (MA180921P215) for $.94

 

BTC 3 MA 21Sep18 212.5 puts (MA180921P212.5)

STO 3 MA 21Sep18 217.5 puts (MA180921P217.5) for a credit of $1.18 (selling a vertical) 

 

BTO 3 MA 12Oct18 217.5 puts (MA181012P217.5)

STC 3 MA 28Sep18 212.5 puts (MA180928P212.5) for a debit of $2.76 (buying a diagonal) 

Be prepared to change these price limits by $.05 or more in order to get an execution. 

Happy trading.

Terry