January 4, 2018 Trade Alert #2 – Rising Tide Portfolio

We have become seriously negative net delta:

BTC 2 MA 05Jan18 155 calls (MA180105C155)
STO 2 MA 12Jan18 157.5 calls (MA180112C157.5) for a debit of $1.02 (selling a diagonal)

BTC 2 MA 05Jan18 152.5 calls (MA180105C152.5)
STC 2 MA 19Jan18 155 calls (MA180119C155) for a debit of $1.47 (selling a diagonal)

BTO 2 MA 16Feb18 160 calls (MA180216C160
STC 2 MA 16Feb18 150 calls (MA180216C150) for a credit of $5.98 (buying a diagonal)

BTC 2 MA 05Jan18 152.5 puts (MA180105P152.5) for $.05 (no commission)

STO 2 MA 12Jan18 157.5 puts (MA180112P157.5) for $1.75

BTO 1 MA 16Feb18 160 put (MA180216P160)
STC 1 MA 19Jan18 150 put (MA180119P150) for a debit of $5.83 (buying a diagonal)

BTO 1 MA 16Feb18 160 put (MA180216P160)
STC 1 MA 16Feb18 155 put (MA180216P155) for a debit of $2.50  (buying a vertical)

BTC 2 MA 05Jan18 155 puts (MA180105P155)
STO 2 MA 12Jan18 157.5 puts (MA180112P157.5) for $1.65

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

Happy trading.

 

Terry