June 8, 2016  Trade Alert -  Rising Tide  Portfolio

We have become negative net delta:

 

BTC 2 COST 10Jun16 150 calls (COST160610C150)
STO 2 COST 17Jun16 152.5 calls (COST160617C152.5) for a debit of $1.40  (selling a diagonal)

BTO 1 COST 15Jul16 155 call (COST160715C155)
STC 1 COST 15Jul16 150 call (COST160715C150) for a credit of $2.85  (selling a vertical)

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

 
Happy trading.

 

Terry