September 18, 2018 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We have become negative net delta once again:

BTC 2 MA 21Sep18 215 puts (MA180921P215)

STC 2 MA 05Oct18 215 puts (MA181005P215) for a credit of $1.16 (selling a calendar) 

 

BTO 2 MA 12Oct18 220 puts (MA181012P220)

STO 2 MA 21Sep18 220 puts (MA180921P220) for a debit of $2.42  (buying a calendar) 

 

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

Happy trading.

Terry