February 5, 2018 Trade Alert -  Rising Tide Portfolio 

 

We can get shorter and increase theta while remaining comfortably positive net delta:

 

BTC 6 MA 09Feb18 175 calls (MA180209C175)

 

STO 6 MA 09Feb18 172.5 calls (MA180209C172.5) for a credit of $.63  (selling a vertical)

 

BTO 1 MA 23Mar18 170 call (MA180323C170)

 

STC 1 MA 02Mar18 175 call (MA180302C175) for a debit of $3.87  (buying a diagonal)

 

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

 

Happy trading. 

 

Terry