December 27, 2017 Trade Alert  -  Rising Tide Portfolio

We have become negative net delta and also need to start taking off positions to get the portfolio down to $5000:

BTC 3 MA 29Dec17 150 calls (MA171229C150)

STO 3 MA 5Jan18 152.5 calls (MA1805C152.5) for a debit of $.90 (selling a diagonal)

BTC 5 MA 29Dec17 150 calls (MA171229C150)

STC 5 MA 19Jan18 150 calls (MA180119C150) for a credit of $1.40 (selling a calendar)

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

Happy trading.

 

Terry