August 14, 2017  Trade Alert  -   Rising Tide  Portfolio

With the stock up sharply we have become negative net delta:

BTC 3 MA 18Aug17 129 calls (MA170818C129)

STO 3 MA 18Aug17 131 calls (MA170818C131) for a debit of $1.11  (buying a vertical)

BTC 2 MA 18Aug17 129 calls (MA170818C129)

STO 2 MA 25Aug17 131 calls (MA170825C131) for a debit of $.66  (selling a diagonal)

BTO 1 MA 20Oct17 130 call (MA171020C130)

STC 1 MA 20Oct17 125 call (MA171020C125) for a credit of $3.23  (selling a vertical)

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

Happy trading.

 

Terry