April 20, 2017  Trade Alert  -   Rising Tide  Portfolio

We have become negative net delta:

BTC 3 MA 21Apr17 112 puts (MA170421P112)

STO 3 MA 28Apr17 114 puts (MA170428P114) for a credit of $1.21  (selling a diagonal)

BTO 1 MA 21Jul17 115 put (MA170721P115)

STC 1 MA 19May17 110 put (MA170519P110) for a debit of $3.14  (buying a diagonal)

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

Happy trading.

 

Terry