September 24, 2020 Terry’s Tips Trade Alert - Rising  Tide Portfolio

We can raise delta heading into tonight’s earnings:

BTC 1 COST 25Sep20 342.5 call (COST200925C342.5)
STO 1 COST 25Sep20 352.5 call (COST200925C352.5)
BTO 1 COST 30Oct20 352.5 call (COST201030C352.5)
STC 1 COST 30Oct20 342.5 call (COST201030C342.5) for a credit of $1.20 (selling a vertical roll)

BTC 1 COST 25Sep20 345 call (COST200925C345)
STO 1 COST 25Sep20 355 call (COST200925C355)
BTO 1 COST 30Oct20 355 call (COST201030C355)
STC 1 COST 30Oct20 345 call (COST201030C345) for a credit of $0.80 (selling a vertical roll)

BTC 1 COST 25Sep20 335 put (COST200925P335)
STO 1 COST 25Sep20 345 put (COST200925P345)
BTO 1 COST 20Nov20 340 put (COST201120P340)
STC 1 COST 20Nov20 330 put (COST201120P330) for a credit of $0.15 (buying 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