December 7, 2017  Trade Alert  -  Rising Tide Portfolio

We have become negative net delta:

BTC 6 MA 08Dec17 147 calls (MA171208C147)

STO 6 MA 15Dec17 150 calls (MA171215C150) for a debit of $1.35  (selling a diagonal)

BTC 2 MA 08Dec17 146 puts (MA171208P146)

STO 2 MA 15Dec17 149 puts (MA171215P149) for a credit of $1.24  (selling a diagonal)

BTO 2 MA 19Jan18 150 calls (MA180119C150)

STC 2 MA 19Jan18 145 calls (MA180119C145) for a credit of $3.08  (selling a vertical)

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

Happy trading.

 

Terry