February 1, 2018 Trade Alert-  Rising Tide Portfolio

 

We have become negative net delta:

 

BTC 1 MA 02Feb18 167.5 put (MA180202P167.5)

STC 1 MA 02Mar18 167.5 put (MA180302P167.5) for a credit of $1.18 (selling a calendar)

 

BTC 3 MA 02Feb18 167.5 puts (MA180202P167.5)

STC 3 MA 09Mar18 167.5 puts (MA180309P167.5) for a credit of $2.03 (selling a calendar)

 

BTC 8 MA 02Feb18 170 calls (MA180202C170)

STO 8 MA 09Feb18 175 calls (MA180209C175) for a debit of $2.53 (selling a diagonal)

 

BTO 4 MA 16Mar18 175 calls (MA180316C175)

STC 4 MA 16Mar18 170 calls (MA180316C170) for a credit of $2.80 (selling a vertical)

 

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

 

Happy trading.

 

Terry