January 25, 2017  Trade Alert  -   Rising Tide  Portfolio

We have become negative net delta:

BTC 3 MA 27Jan17 108 puts (MA170127P108)

STO 3 MA 03Feb17 111 puts (MA170203P111) for a credit of $1.63  (selling a diagonal)

BTO 2 MA 21Apr17 110 puts (MA170421P110)

STC 2 MA 21Apr17 105 puts (MA170421P105) for a debit of $1.61  (buying a vertical)

BTO 3 MA 21Apr17 110 puts (MA170421P110)

STO 3 MA 03Feb17 111 puts (MA170203P111) for a debit of $1.25  (buying a diagonal)

BTC 3 MA 27Jan17 109 calls (MA170127C109)

STO 3 MA 03Feb17 112 calls (MA170203C112) for a debit of $.39  (selling a diagonal) 

BTO 2 MA 21Apr17 110 calls (MA170421C110)

STC 2 MA 21Apr17 105 calls (MA170421C105) for a credit of $3.35  (selling a vertical)

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

Happy trading.

 

Terry