January 4, 2018 Trade Alert #3 – Rising Tide Portfolio

We are still negative net delta:

BTC 2 MA 05Jan18 155 calls (MA180105C155)
STO 2 MA 12Jan18 157.5 calls (MA180112C157.5) for a debit of $.40 (selling a diagonal)

BTC 1 MA 05Jan18 155 call (MA180105C155)
STC 1 MA 19Jan18 155 call (MA180112C155) for a credit of $1.20 (selling a calendar)

BTC 1 MA 05Jan18 155 put (MA180105P155)
STO 1 MA 12Jan18 157.5 put (MA180112P157.5) for a credit of $2.32 (selling a diagonal)

BTO 1 MA 23Feb18 157.5 put (MA180223P157.5)
STC 1 MA 19Jan18 155 put (MA180119P155) for a debit of $3.80 (buying a diagonal)

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

Happy trading.

 

Terry