September 29, 2020 Terry’s Tips Trade Alert  - Rising Tide Portfolio

We have become negative net delta:

BTC 1 COST 02Oct20 340 put (COST201002P340)
STC 1 COST 20Nov20 340 put (COST201120P340) for a credit of $8.70 (selling a calendar)

BTC 1 COST 02Oct20 342.5 put (COST201002P342.5)
STO 1 COST 02Oct20 352.5 put (COST201002P352.5) for a credit of $2.80 (selling a vertical)

BTO 1 COST 20Nov20 350 put (COST201120P350)
STC 1 COST 20Nov20 340 put (COST201120P340) for a debit of $4.10 (buying a vertical)

BTC 1 COST 02Oct20 350 call (COST201002C350)
STO 1 COST 02Oct20 357.5 call (COST201002C357.5) for a debit of $3.10 (buying a vertical)


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

Happy trading.

Terry