May 16, 2024 Terry’s Tips Trade Alert – Rising Tide Portfolio
We are rolling out and closing spreads to raise delta:
BTC 1 COST 17May24 785 call (COST 240517C785)
STO 1 COST 31May24 810 call (COST 240531C810) for a debit of $1.40 (selling a diagonal) (100%)
BTC 1 COST 17May24 790 call (COST 240517C790)
STO 1 COST 31May24 815 call (COST 240531C815) for a credit of $0.90 (selling a diagonal) (100%)
BTC 1 COST 17May24 775 put (COST 240517P775)
STC 1 COST 21Jun24 775 put (COST240621P775) for a credit of $11.20 (selling a calendar) (100%)
BTC 1 COST 17May24 780 put (COST 240517P780)
STC 1 COST 21Jun24 780 put (COST240621P780) for a credit of $12.70 (selling a calendar) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.
Happy trading.
Jon
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