September 29, 2016  Trade Alert -  Earnings Eagle  Portfolio

In hopes that the stock might recover, we will wait until 3:45 Eastern time to enter these orders.  We have had some incredibly bad luck here.  In a week when we held 10 uncovered long calls while we were waiting for the stock to move higher going into the earnings announcement, it has fallen every single day of the week.  Now we need to scramble:

 

STO 5 COST 30Sep16 148 calls (COST160930C148) for $2.07

STO 5 COST 30Sep16 150 calls (COST160930C150) for $1.36

BTO 5 COST 28Oct16 148 calls (COST161028C148)
STC 5 COST 28Oct16 155 calls (COST161028C155) for a debit of $2.49  (buying a vertical)

BTO 5 COST 28Oct16 150 calls (COST161028C150)
STC 5 COST 28Oct16 152.5 calls (COST161028C152.5) for a debit of $.94  (buying a vertical)

BTO 5 COST 28Oct16 149 calls (COST161028C149)
STO 5 COST 30Sep16 149 calls (COST160930C149) for a debit of $1.36  (buying a calendar)

Be prepared to change these price limits by $.05 or more in order to get an execution.

 
Happy trading.

 

Terry