November 25, 2024 Terry’s Tips Trade Alert – Rising Tide Portfolio
We are adding a spread and reducing delta:
BTO 1 COST 17Jan25 960 call (COST 250117C960)
STC 1 COST 17Jan25 940 call (COST 250117C940) for a credit of $10.25 (selling a vertical) (100%)
BTO 1 COST 17Jan25 950 put (COST 250117P950)
STO 1 COST 06Dec24 950 put (COST 241206P950) for a debit of $18.25 (buying a calendar)
BTO 1 COST 17Jan25 975 call (COST 250117C975)
STC 1 COST 17Jan25 950 call (COST 250117C950) for a credit of $11.40 (selling a vertical) (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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