January 31, 2018 Trade Alert-  Rising Tide Portfolio

The stock has had a rapid run-up going into the announcement before the open tomorrow, and expectations might be a bit too high.  This will lower our net delta a bit and give us a little more downside protection:

BTC 2 MA 02Feb18 175 calls (MA180202C175)
STO 2 MA 02Feb18 167.5 calls (MA180202C167.5) for a credit of $2.75 (selling a vertical)

BTO 2 MA 02Mar18 165 calls (MA180302C165)
STC 2 MA 02Mar18 170 calls (MA180302C170) for a debit of $2.87  (buying a vertical)

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

Happy trading.

 

Terry