Subject: July 5, 2016 Trade Alert - Rising Tide Portfolio
July
5, 2016 Trade Alert - Rising
Tide Portfolio - corrected second spread
Rolling another short call down to a lower strike will
increase theta:
BTC 1 COST 08Jul16 157.5 call (COST160708C157.5)
STO 1 COST 08Jul16 155 call (COST160708C155) for a credit of
$1.06 (selling a vertical)
BTO 1 COST 21Oct16 155 call (COST161021C155)
STC 1 COST 21Oct16 160 call (COST161021C160) for a debit of
$2.48 (buying a vertical)
Be prepared to change these price limits by $.05 or more in order to get an execution.
Happy trading.
Terry
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