September 26, 2018 Terry’s Tips Trade Alert  – Rising Tide Portfolio

We are almost negative net delta:

BTC 2 MA 28Sep18 220 puts (MA180928P220)
STC 2 MA 12Oct18 220 puts (MA181012P220) for a credit of $1.53 (selling a calendar)

BTO 1 MA 2Nov18 225 put (MA181002P225)
STO 1 MA 28Sep18 225 put (MA180928P225) for a debit of $4.57 (buying a calendar)

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

Happy trading.

Terry