January 8, 2015  Trade Alert -  Rising Tide  Portfolio

All of our short calls are now in the money and if the stock goes up another dollar we will be negative net delta:

 

BTC 2 COST Jan-15 140 calls (COST150117C140)

STC 2 COST Apr-15 135 calls (COST150417C135) for a credit of $6.42  (selling a diagonal)

 

BTC 1 COST Jan-15 140 call (COST150117C140)

STO 1 COST Feb-15 145 call (COST150220C145) for a debit of $2.38  (selling a diagonal)

 

BTO 3 COST Jul-15 150 calls (COST150717C150)

STO 3 COST Feb-15 150 calls (COST150220C150) for a debit of $3.55  (buying a calendar)

 

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

 
Happy trading.

 

Terry