December 12, 2016  Trade Alert -  Rising Tide  Portfolio

It would be nice to get net delta to a number which is lower than theta so we could withstand a daily move of $1 going against us and still make a gain for the day.  These trades will accomplish that goal:

 

BTC 1 MA 16Dec16 105 put (MA161216P105)
STO 1 MA 16Dec16 103 put (MA161216P103) for a debit of $1.05  (buying a vertical)

BTC 1 MA 16Dec16 105 put (MA161216P105)
STO 1 MA 30Dec16 103 put (MA161230P103) for a debit of $.32  (selling a diagonal)

BTO 1 MA 21Apr17 100 put (MA170421P100)
STC 1 MA 21Apr17 105 put (MA170421P105) for a credit of $2.09  (selling a vertical)

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

 
Happy trading.

 

Terry