September 6, 2019 Terry’s Tips Trade Alert – Rising Tide Portfolio

     

We have become net negative delta and need to get set up for next week:

 

BTC 2 COST 06Sep19 297.5 puts (COST190906P297.5) for $0.04 (no commissions)

STO 2 COST 13Sep19 305 puts (COST190913P305) for $3.80

BTC 2 COST 06Sep19 300 call (COST190906C300)
STO 2 COST 13Sep19 305 call (COST190913C305) for a debit of $1.10 (selling a diagonal)

BTC 1 COST 06Sep19 302.5 call (COST190906C302.5)
STO 1 COST 13Sep19 305 call (COST190913C305) for a credit of $1.10 (selling a diagonal)

BTC 1 COST 06Sep19 300 put (COST190906P300)
STO 1 COST 13Sep19 302.5 put (COST190913P302.5) for a credit of $2.60 (selling a diagonal)

BTC 1 COST 06Sep19 300 put (COST190906P300)
STO 1 COST 13Sep19 305 put (COST190913P305) for a credit of $3.82 (selling a diagonal)

BTO 1 COST 25Oct19 307.5 put (COST191025P307.5)
STC 1 COST 18Oct19 295 put (COST191018P295) for a debit of $5.90 (buying a diagonal)

BTO 2 COST 25Oct19 305 put (COST191025P305)
STC 2 COST 18Oct19 300 put (COST191018P300) for a debit of $2.85 (buying a diagonal)

BTC 1 COST 06Sep19 302.5 call (COST190906C302.5)
STO 1 COST 13Sep19 307.5 call (COST190913C307.5) for a credit of $0.20 (selling a diagonal)



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

 

Happy trading.

Terry