June 22, 2016  Trade Alert -  Rising Tide  Portfolio

We have almost become negative net delta.  These trades will help a bit:

 

BTC 1 COST 01Jul16 155 call (COST160701C155)
STO 1 COST 29Jul16 157.5 call (COST160729C157.5) for a debit of $.12  (selling a calendar)

BTC 1 COST 01Jul16 155 call (COST160701C155)
STC 1 COST 15Jul16 155 call (COST160715C155) for a credit of $.85  (selling a calendar)

BTO 1 COST 21Oct16 160 call (COST161021C160)
STC 1 COST 15Jul16 155 call (COST160715C155) for a debit of $.72  (buying a diagonal)  

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

 
Happy trading.

 

Terry