September 3, 2020 Terry’s Tips Trade Alert  - Rising  Tide Portfolio

We need to reduce delta:

BTC 1 COST 04Sep20 355 put (COST200904P355)
STO 1 COST 04Sep20 347.5 put (COST200904P347.5) for a debit of $4.80 (buying a vertical)

BTC 1 COST 04Sep20 352.5 put (COST200904P352.5)
STO 1 COST 04Sep20 347.5 put (COST200904P347.5) for a debit of $2.90 (buying a vertical)

BTC 1 COST 04Sep20 352.5 put (COST200904P352.5)
STO 1 COST 04Sep20 345 put (COST200904P345) for a debit of $3.70 (buying a vertical)

BTO 2 COST 16Oct20 345 puts (COST201016P345)
STC 2 COST 16Oct20 355 puts (COST201016P355) for a credit of $4.90 (selling a vertical)

BTC 2 COST 04Sep20 362.5 calls (COST200904C362.5)
STO 2 COST 11Sep20 355 calls (COST200911C355) for a credit of $3.10 (selling a diagonal)

BTO 1 COST 16Oct20 350 call (COST201016C350)
STC 1 COST 16Oct20 365 call (COST201016C365) for a debit of $6.30 (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