September 20, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 3 MA 21Sep18 217.5 puts (MA180921P217.5)
STO 3 MA 28Sep18 217.5 puts (MA180928P217.5) for a credit of $.90 (selling a calendar)

BTO 1 MA 26Oct18 222.5 call (MA181026C222.5)
STO 1 MA 28Sep18 222.5 call (MA180928C222.5) for a debit of $3.02 (buying a calendar)  

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

Happy trading.

Terry