July 9, 2013 Trade Alert -  Rising Tide Portfolio

The short 110 calls have become too much in the money and we are negative net delta:

BTC 4 COST Jul-13 110 calls (COST130720C110)
STC 4 COST Jan-14 110 calls (COST140118C110) for a credit of $4.25  (selling a calendar)

BTO 3 COST Jan-14 115 calls (COST140118C115)
STO 3 COST Jul-13 115 calls (COST130720C115) for a debit of $4.67  (buying a calendar)

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