February 9, 2018 Trade Alert -  Rising Tide Portfolio 

We need to close these out and wait for better prices which should come our way one of these days.  The stock is up over $2 and this may be a good time to sell these spreads.  We will retain the cash until we get a better idea of what this market is doing:

BTC 2 MA 09Feb18 167.5 puts (MA180209P167.5)
STC 2 MA 02Mar18 167.5 puts (MA180302P167.5) for a credit of $2.25 (selling a calendar)

BTC 3 MA 09Feb18 170 puts (MA180209P170)
STC 3 MA 16Mar18 175 puts (MA180302P175) for a credit of $6.18 (selling a diagonal) 

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

Happy trading.

 

Terry