February 17, 2016  Trade Alert -  Rising Tide  Portfolio

We have become negative net delta:

 

BTC 2 COST Feb-16 150 calls (COST160219C150)
STO 2 COST Mar1-16 152.5 calls (COST160304C152.5) for a credit of $.43  (selling a diagonal)

BTC 1 COST Feb-16 150 call (COST160219C150)
STO 1 COST Feb4-16 152.5 call (COST160226C152.5) for a debit of $.67  (selling a diagonal)

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

 
Happy trading.

 

Terry