February 24, 2016  Trade Alert -  Rising Tide  Portfolio

We have become negative net delta:

 

BTC 1 COST FEB4 16 149 call (COST160226C149)
STC 1 COST Apr-16 150 call (COST160415C150) for a credit of $2.70  (selling a diagonal)

BTO 1 COST Apr-16 155 call (COST160415C155)
STC 1 COST Apr-16 150 call (COST160415C150) for a credit of $2.72  (selling a vertical)

BTC 2 COST MAR1 16 150 calls (COST160304C150)
STO 2 COST MAR1 16 155 calls (COST160304C155) for a debit of $2.53  (buying a vertical)

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

 
Happy trading.

 

Terry