September 22, 2020 Terry’s Tips Trade Alert - Rising  Tide Portfolio

We have become negative net delta:

BTC 2 COST 25Sep20 327.5 puts (COST200925P327.5)
STO 2 COST 25Sep20 337.5 puts (COST200925P337.5) for a credit of $3.05 (selling a vertical)

BTO 1 COST 30Oct20 355 puts (COST201030P355)
STC 1 COST 16Oct20 350 puts (COST201016P350) for a debit of $5.90 (buying a diagonal)

BTC 2 COST 25Sep20 340 calls (COST200925C340)
STO 2 COST 25Sep20 350 calls (COST200925C350)
BTO 2 COST 30Oct20 350 calls (COST201030C350)
STC 2 COST 30Oct20 340 calls (COST201030C340) for a credit of $0.80 (selling a vertical roll)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry