Subject: August 14, 2017 Trade Alert #2 - Rising Tide Portfolio
August 14, 2017 Trade Alert #2 - Rising Tide Portfolio
With the stock up sharply we have become negative net delta once again:
BTC 3 MA 25Aug17 130 calls (MA170825C130)
STO 3 MA 25Aug17 133 calls (MA170825C133) for a debit of $1.49 (buying a vertical)
BTO 1 MA 20Oct17 130 call (MA171020C130)
STC 1 MA 20Oct17 125 call (MA171020C125) for a credit of $3.55 (selling a vertical)
BTC 1 MA 18Aug17 128 put (MA170818P128)
STO 1 MA 25Aug17 131 put (MA170825P131) for a credit of $.93 (selling a diagonal)
BTC 5 MA 18Aug17 129 puts (MA170818P129)
STO 5 MA 25Aug17 131 puts (MA170825P131) for a credit of $.85 (selling a diagonal)
BTO 1 MA 20Oct17 135 put (MA171020P135)
STC 1 MA 20Oct17 130 put (MA171020P130) for a debit of $2.68 (buying a vertical)
Be prepared to change these price limits by $.05 or more in order to get an execution
Happy trading.
Terry
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