July 11, 2016  Trade Alert -  Rising Tide  Portfolio

We have become negative net delta:

 

BTC 1 COST 15Jul16 165 call (COST160715C165)
STO 1 COST 15Jul16 167.5 call (COST160715C167.5) for a debit of $1.75  (buying a vertical)

BTC 1 COST 15Jul16 165 call (COST160715C165)
STO 1 COST 29Jul16 170 call (COST160729C170) for a debit of $1.73  (selling a diagonal)

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

 
Happy trading.

 

Terry