February 26, 2018 Trade Alert #4 - Rising Tide Portfolio  

Gamma is more than double net delta which means that we will be quite negative net delta if the goes up another dollar:

BTC 2 MA 02Mar18 175 puts (MA180302P175)

STO 2 MA 02Mar18 177.5 puts (MA180302P177.5) for a credit of $.70  (selling a vertical) 

BTO 2 MA 20Apr18 175 puts (MA180420P175)

STC 2 MA 23Mar18 172.5 puts (MA180323P172.5) for a debit of $2.26  (buying a diagonal) 

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

Happy trading.  

Terry