June 15, 2016  Trade Alert -  Rising Tide  Portfolio

We are very close to becoming negative net delta and the stock seems to be outperforming the overall market:

 

BTC 1 COST 1Jul16 155 call (COST160701C155)
STO 1 COST 24Jun16 157.5 calls (COST160624C157.5) for a debit of $2.01  (buying a diagonal)

BTO 1 COST 21Oct16 160 call (COST161021C160)
STC 1 COST 15Jul16 150 call (COST160715C150) for a credit of $2.65  (buying a diagonal)

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

 
Happy trading.

 

Terry