June 5, 2017  Trade Alert #2 -   Rising Tide  Portfolio

We are still barely positive net delta, and gamma is uncomfortably high:

BTC 5 MA 09Jun17 124 puts (MA170609P124)

STO 5 MA 16Jun17 126 puts (MA170616P126) for a credit of $1.07  (selling a diagonal)

BTO 1 MA 21Jul17 130 put (MA170721P130)

STC 1 MA 21Jul17 120 put (MA170721P120) for a debit of $4.42  (buying a vertical)

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

Happy trading.

Terry