May 29, 2024 Terry’s Tips Trade Alert – Rising Tide Portfolio
We are adding spreads to widen the P/L curve:
BTO 1 COST 19Jul24 775 put (COST 240719P775)
STO 1 COST 31May24 775 put (COST 240531P775) for a debit of $8.60 (buying a calendar)
BTO 1 COST 19Jul24 850 call (COST 240719C850)
STO 1 COST 31May24 850 call (COST 240531C850) for a debit of $10.60 (buying a calendar)
BTO 1 COST 19Jul24 765 put (COST 240719P765)
STO 1 COST 31May24 765 put (COST 240531P765) for a debit of $7.65 (buying a calendar)
BTO 1 COST 19Jul24 860 call (COST 240719C860)
STO 1 COST 31May24 860 call (COST 240531C860) for a debit of $9.30 (buying a calendar)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.
Happy trading.
Jon
Follow Terry's Tips on Twitter
Like Terry's Tips on Facebook
Watch Terry's Tips on YouTube