September 4, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 4 MA 07Sep18 212.5 puts (MA180907P212.5)

STO 4 MA 07Sep18 217.5 puts (MA180907P217.5) for a credit of $1.54 (selling a vertical)

 

BTO 4 MA 28Sep18 217.5 puts (MA180928P217.5)

STC 4 MA 28Sep18 212.5 puts (MA180928P212.5) for a debit of $1.97  (buying a vertical) 

 

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

Happy trading.

Terry