February 1, 2018 Trade Alert #3 -  Rising Tide Portfolio

 

We have become negative net delta once again:

 

BTC 2 MA 02Feb18 167.5 puts (MA180202P167.5)

STO 2 MA 09Feb18 175 puts (MA180209P175) for a credit of $2.90 (selling a diagonal)

 

BTO 2 MA 02Mar18 175 puts (MA180316P175)

STC 2 MA 02Mar18 165 puts (MA180316P165) for a debit of $3.22  (buying a vertical)

 

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

 

Happy trading.

 

Terry