January 23, 2018 Trade Alert -  Rising Tide Portfolio 

We have become negative net delta:

BTC 3 MA 26Jan18 165 calls (MA180126C165)
STO 3 MA 02Feb18 170 calls (MA180202C170) for a debit of $1.12 (selling a diagonal)

BTC 2 MA 26Jan18 167.5 calls (MA180126C167.5)
STO 2 MA 02Feb18 170 calls (MA180202C170) for a credit of $.77 (selling a diagonal)

BTO 2 MA 16Mar18 170 calls (MA180316C170)
STC 2 MA 16Feb18 165 calls (MA180216C165) for a credit of $1.35 (buying a diagonal)

BTC 2 MA 26Jan18 165 puts (MA180126P165)
STO 2 MA 03Feb18 170 puts (MA180202P170) for a credit of $3.75 (selling a diagonal)

BTO 2 MA 16Mar18 170 puts (MA180316P170)
STC 2 MA 16Feb18 165 puts (MA180216P165) for a debit of $3.40 (buying a diagonal)

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

Happy trading.

 

Terry