September 19, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

     

We need to reduce delta and start getting set up for next week:

 

BTC 2 COST 20Sep19 295 puts (COST190920P295)
STO 2 COST 27Sep19 290 puts (COST190927P290) for a debit of $2.90 (selling a diagonal)

BTC 1 COST 20Sep19 292.5 put (COST190920P292.5)
STO 1 COST 27Sep19 287.5 put (COST190927P287.5) for a debit of $1.80 (selling a diagonal)

BTO 1 COST 18Oct 19 290 put (COST191018P290)
STC 1 COST 18Oct 19 295 put (COST191018P295) for a credit of $2.75 (selling a vertical)

BTO 1 COST 25Oct 19 287.5 put (COST191025P287.5)
STC 1 COST 25Oct 19 292.5 put (COST191025P292.5) for a credit of $2.55 (selling a vertical)

BTO 1 COST 25Oct 19 290 put (COST191025P290)
STC 1 COST 25Oct 19 295 put (COST191025P295) for a credit of $2.90 (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