June 10, 2016  Trade Alert -  Rising Tide  Portfolio

We need to roll out of our remaining in-the-money short call:

 

BTC 1 COST 10Jun16 152.5 call (COST160610C152.5)
STO 1 COST 1Jul16 155 call (COST160701C155) for a credit of $.38  (selling a diagonal)

BTO 2 COST 21Oct16 155 calls (COST161021C155)
STC 2 COST 15Jul16 150 calls (COST160715C150) for a debit of $.30  (buying a diagonal)

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

 
Happy trading.

 

Terry