December 4, 2015  Trade Alert #2 -  Rising Tide  Portfolio

With the stock up so much we are in danger of becoming negative net delta;

 

BTC 2 COST DEC2 15 165 calls (COST151211C165)
STO 2 COST DEC2 15 167.5 calls (COST151211C167.5) for a debit of $1.35  (buying a vertical

BTC 1 COST DEC2 15 165 call (COST151211C165)
STO 1 COST DEC2 15 170 call (COST151211C170) for a debit of $2.26  (buying a vertical)

BTC 1 COST DEC4 15 165 call (COST151224C165)
STO 1 COST DEC4 15 170 call (COST151224C170) for a debit of $2.35  (buying a vertical)

BTO 1 COST Apr-16 170 call (COST160415C170
STC 1 COST Apr-16 160 call (COST160415C160) for a credit of $5.55  (selling a vertical)

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

 
Happy trading.

 

Terry