September 8, 2020 Terry’s Tips Trade Alert  - Rising  Tide Portfolio

We have become uncomfortably long:

BTC 1 COST 11Sep20 355 call (COST200911C355)
STC 1 COST 16Oct20 355 call (COST201016C355) for a credit of $8.80 (selling a calendar)

BTC 1 COST 11Sep20 355 call (COST200911C355)
STO 1 COST 11Sep20 347.5 call (COST200911C347.5) for a credit of $0.90 (selling a vertical)

BTO 1 COST 23Oct20 347.5 call (COST201023C347.5)
STC 1 COST 16Oct20 355 call (COST201016C355) for a debit of $4.00 (buying a diagonal)

BTC 1 COST 11Sep20 350 call (COST200911C350)
STO 1 COST 11Sep20 340 call (COST200911C340)
BTO 1 COST 16Oct20 340 call (COST201016C340)
STC 1 COST 16Oct20 350 call (COST201016C350) for a debit of $1.40 (selling a vertical roll)


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

Happy trading.

Terry