December 29, 2015  Trade Alert -  Rising Tide  Portfolio

We have become negative net delta:

 

BTC 2 COST DEC5 15 160 calls (COST151231C160)
STO 2 COST Jan2-15 162.5 calls (COST160108C162.5) for a debit of $.87  (selling a diagonal)

BTC 2 COST DEC5 15 160 calls (COST151231C160)
STO 2 COST Jan-15 162.5 calls (COST160115C162.5) for a debit of $.46  (selling a diagonal)

BTC 1 COST DEC5 15 167.5 call (COST151231C167.5)
STO 1 COST JAN2 16 165 call (COST160108C165) for a credit of $.92  (selling a diagonal)

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

 
Happy trading.

 

Terry