September 5, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

The stock has crashed and we need to roll down:

BTC 4 MA 07Sep18 217.5 puts (MA180907P217.5)
STC 4 MA 28Sep18 217.5 puts (MA180928P217.5) for a credit of $1.29 (selling a vertical)

BTO 3 MA 28Sep18 212.5 puts (MA180928P212.5)
STO 3 MA 14Sep18 212.5 puts (MA180914P212.5) for a debit of $1.32 (buying a vertical)

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

Happy trading.

Terry