January 5, 2017  Trade Alert  -   Rising Tide  Portfolio

We have become negative net delta:

BTC 3 MA 06Jan17 106 calls (MA170106C106)

STO 3 MA 13Jan17 109 calls (MA170113C109) for a debit of $1.30  (selling a diagonal)

BTC 1 MA 13Jan17 102 put (MA170113P102)

STO 1 MA 13Jan17 108 put (MA170113P108) for a credit of $1.07  (selling a vertical)

BTC 1 MA 13Jan17 106 put (MA170113P106)

STO 1 MA 13Jan17 108 put (MA170113P108) for a credit of $.67  (selling a vertical)

BTO 1 MA 21Apr17 110 put (MA170421P110)

STC 1 MA 21Apr17 100 put (MA170421P100) for a debit of $3.63  (buying a vertical)

BTO 1 MA 21Apr17 110 put (MA170421P110)

STC 1 MA 21Apr17 105 put (MA170421P105) for a debit of $2.20  (buying a vertical)

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

Happy trading.

 

Terry