September 5, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

     

We have become net negative delta:

 

BTC 1 COST 06Sep19 295 call (COST190906C295)
STO 1 COST 06Sep19 302.5 call (COST190906C302.5) for a debit of $4.15 (buying a vertical)

BTC 2 COST 06Sep19 297.5 calls (COST190906C297.5)
STO 2 COST 06Sep19 300 calls (COST190906C300) for a debit of $1.45 (buying a vertical)

BTC 1 COST 06Sep19 297.5 call (COST190906C297.5)
STO 1 COST 06Sep19 302.5 call (COST190906C302.5) for a debit of $2.40 (buying a vertical)

BTO 2 COST 18Oct19 300 calls (COST191018C300)
STC 2 COST 18Oct19 295 calls (COST191018C295) for a credit of $2.80 (selling a vertical)

BTC 2 COST 06Sep19 297.5 puts (COST190906P297.5)
STO 2 COST 06Sep19 300 puts (COST190906P300) for a credit of $1.00 (selling a vertical)



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

 

Happy trading.

Terry