March 13, 2015  Trade Alert -  Rising Tide  Portfolio

The time has come to get set up for the April expiration.  We will sell some Apr2-15 weeklies because there are no strikes between 150 and 155 for the April series:

 

BTC 4 COST MAR2 15 147.5 calls (COST150313C147.5)
STO 4 COST Apr-15 150 calls (COST150417C150) for a credit of $.95  (selling a diagonal)

 

BTC 4 COST MAR2 15 150 calls (COST150313C150) for $.03 (no commission)

 STO 2 COST Apr2-15 152.5 calls (COST150410C152.5) for $1.09

STO 2 COST Apr-15 155 calls (COST150417C155) for $.77

BTO 3 COST Oct-15 150 calls (COST151016C150)
STC 3 COST Jul-15 135 calls (COST150717C135) for a credit of $8.40  (buying a diagonal)

BTO 5 COST Oct-15 150 calls (COST151016C150)
STO 5 COST Apr-15 150 calls (COST150417C150) for a debit of $4.70  (buying a calendar)

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

 
Happy trading.

 

Terry