February 29, 2016  Trade Alert -  Rising Tide  Portfolio

We can collect some premium and remain comfortably long. We will use the cash to extend one of our long calls to July:

 

STO 1 COST MAR2 16 152.5 call (COST160311C152.5) for $2.55

BTO 1 COST Jul-16 150 call (COST160715C150)
STC 1 COST Apr-16 150 call (COST160415C150) for a debit of $2.80  (buying a calendar)

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

 
Happy trading.

 

Terry