January 21, 2016  Trade Alert -  Rising Tide  Portfolio

The stock is up nicely today but still has a long way to go before we can sell some meaningful premium.  We need at least some theta, however, and these trades will accomplish that:

 

STC 2 COST Apr-16 165 calls (COST160415C165) for $1.15

BTO 1 COST Apr-16 150 call (COST160415C150)

STC 1 COST Apr-16 160 call (COST160415C160) for a debit of $3.96  (buying a vertical)

 

STO 1 COST Jan5-16 150 call (COST160129C150) for $2.30

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

 
Happy trading.

 

Terry