December 7, 2016  Trade Alert -  Rising Tide  Portfolio

The stock has rallied on the big buy-back announcement.  We need to get longer:

 

BTC 2 MA 09Dec16 101 puts (MA161209P101) for $.05 (no commission)

BTC 2 MA 09Dec16 102 puts (MA161209P102)
STO 2 MA 16Dec16 105 puts (MA161216P105) for a credit of $1.16  (selling a diagonal)

STO 1 MA 16Dec16 105 put (MA161216P105) for $1.23

STC 1 MA 21Apr17 100 put (MA170421P100) for $3.33

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

 
Happy trading.

 

Terry