February 27, 2018 Trade Alert -  Rising Tide Portfolio  

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

BTC 6 MA 02Mar18 177.5 calls (MA180302C177.5)

STO 6 MA 09Mar18 180 calls (MA180309C180) for a debit of $.45 (selling a diagonal) 

BTO 2 MA 20Apr18 175 calls (MA180420C175)

STC 2 MA 16Mar18 170 calls (MA180316C170) for a credit of $1.75 (buying a diagonal) 

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

Happy trading.

Terry