April 17, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta: 

BTC 3 MA 20Apr18 175 calls (MA180420C175)

STO 3 MA 27Apr18 177.5 calls (MA180427C177.5) for a debit of $.66  (selling a diagonal) 

BTC 1 MA 20Apr18 175 call (MA180420C175)

STC 1 MA 27Apr18 175 call (MA180427C175) for a credit of $.90 (selling a calendar) 

BTC 2 MA 20Apr18 175 calls (MA180420C175)

STO 2 MA 4May18 180 calls (MA180504C180) for a debit of $.22 (selling a diagonal) 

BTO 2 MA 01Jun18 180 calls (MA180601C180)

STC 2 MA 11May18 172.5 calls (MA180511C172.5) for a credit of $3.17 (buying a diagonal) 

BTC 1 MA 20Apr18 172.5 put (MA180420P172.5)

STC 1 MA 01Jun18 172.5 put (MA180601P172.5) for a credit of $3.10 (selling a calendar) 

BTO 3 MA 01Jun18 177.5 puts (MA180601P177.5)
STC 3 MA 27Apr18 177.5 puts (MA180427P177.5) for a debit of $2.89 (buying a calendar) 

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

Happy trading.

Terry