December 22, 2015  Trade Alert -  Rising Tide  Portfolio

Although the stock is not up as much as we would like, it is a lot higher than it was on Friday, and we can collect some nice premium and remain comfortably long:

 

STO 6 COST DEC5 15 160 calls (COST151231C160) for $1.40

 BTO 2 COST Apr-16 160 calls (COST160415C160)
STC 2 COST Apr-16 170 calls (COST160415C170) for a debit of $4.00  (buying a vertical)

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

 
Happy trading.

 

Terry