July 22, 2015  Trade Alert -  Rising Tide  Portfolio

We have become negative net delta:

 

BTC 1 COST JUL4 15 143 call (COST150724C143)
STC 1 COST Oct-15 140 call (COST151016C140) for a credit of $5.09  (selling a diagonal)

BTC 2 COST JUL4 15 143 calls (COST150724C143)STO 2 COST Aug-15 147 calls (COST150821C147) for a debit of $1.25  (selling a diagonal)

BTC 1 COST JUL4 15 145 call (COST150724C145)
STO 1 COST Aug2-15 147 call (COST150814C147) for a credit of $.23  (selling a diagonal)

BTC 3 COST AUG1 15 144 calls (COST150807C144)
STO 3 COST Aug4-15 147 calls (COST150828C147) for a debit of $.85  (selling a diagonal)

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

 
Happy trading.

 

Terry