April 5, 2017  Trade Alert  -   Rising Tide  Portfolio

We are close to becoming negative net delta:

BTC 3 MA 07Apr17 111 puts (MA170407P111) for $.05 (no commission)

STO 3 MA 13Apr17 113 puts (MA170413P113) for $.72

BTO 1 MA 19May17 115 put (MA170519P115)
STC 1 MA 21Apr17 110 put (MA170421P110) for a debit of $3.30  (buying a diagonal)

BTO 1 MA 19May17 115 call (MA170519C115)

STC 1 MA 19May17 110 call (MA170519C110) for a credit of $2.88  (selling a vertical)

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

Happy trading.

 

Terry