July 31, 2017  Trade Alert  -   Rising Tide  Portfolio

We have uncovered long puts to sell against, and lots of cash to roll out long positions to October:

STO 3 MA 04Aug17 128 puts (MA170804P128) for $.89

BTO 3 MA 20Oct17 130 puts (MA171020P130)

STC 3 MA 15Sep17 130 puts (MA170915P130) for a debit of $.95 (buying a calendar)

BTO 3 MA 20Oct17 130 calls (MA171020C130)

STC 3 MA 15Sep17 125 calls (MA170915C125) for a credit of $1.80  (buying a diagonal)

BTO 4 MA 20Oct17 125 calls (MA171020C125)

STC 4 MA 15Sep17 125 calls (MA170915C125) for a debit of $1.02 (buying a calendar)

BTO 4 MA 20Oct17 130 calls (MA171020C130)

STC 4 MA 15Sep17 130 calls (MA170915C130) for a debit of $1.04 (buying a calendar)

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

Happy trading.

 

Terry