April 5, 2018    Terry’s Tips Trade Alert  – Rising Tide Portfolio  

We have become negative net delta: 

 

BTC 3 MA 06Apr18 172.5 calls (MA180406C172.5)

STO 3 MA 13Apr18 175 calls (MA180413C175) for a debit of $.50  (selling a diagonal) 

BTO 1 MA 11May18 175 call (MA180511C175)

STC 1 MA 11May18 172.5 call (MA180511C172.5) for a credit of $1.50  (selling a vertical) 

 

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

Happy trading.

Terry