June 6, 2016  Trade Alert -  Rising Tide  Portfolio

As we discussed in the Saturday Report, we will collect some theta and use our cash to extend a long call out to October:

 

STO 1 COST 17Jun16 155 call (COST160617C155) for $.59

BTO 1 COST 21Oct16 150 call (COST161021C150)
STC 1 COST 15Jul16 150 call (COST160715C150) for a debit of $3.16  (buying a calendar)

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

 
Happy trading.

 

Terry