April 20, 2017  Trade Alert #2 -   Rising Tide  Portfolio

With the stock up strongly, we have become seriously negative net delta:

BTC 3 MA 21Apr17 112 puts (MA170421P112) for $.04 (no commission)

STO 3 MA 28Apr17 115 puts (MA170428P115) for $1.23 

BTC 3 MA 21Apr17 113 calls (MA170421C113)

STO 3 MA 28Apr17 115 calls (MA170428C115) for a debit of $1.17  (selling a diagonal)

BTC 2 MA 28Apr17 113 calls (MA170428C113)

STO 2 MA 05Apr17 115 calls (MA170505C115) for a debit of $.40  (selling a diagonal)

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

Happy trading.

Terry