January 29, 2016  Trade Alert -  Rising Tide  Portfolio

After being down all morning, the stock has moved higher and this short call is now in the money:

 

BTC 1 COST JAN5 16 150 call (COST160129C150)
STO 1 COST Feb1-16 150 call (COST160205C150) for a credit of $1.53  (selling a calendar)

This next trade is a limit order:

 

BTC 1 COST JAN5 16 152.5 call (COST160129C152.5) for a limit of $.05 (no commission)

If that order executes:

STO 1 COST Feb1-16 150 call (COST160205C150) for $1.85

BTO 1 COST Apr-16 150 call (COST160415C150
STC 1 COST Apr-16 155 call (COST160415C155) for a debit of $2.32  (buying a vertical)

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

 
Happy trading.

 

Terry