March 24, 2015  Trade Alert -  Rising Tide  Portfolio

The 150 short calls are too far in the money to be of much use.  These trades will make us longer and increase theta:

 

BTC 1 COST Apr-15 150 call (COST150417C150)
STC 1 COST Jul-15 145 call (COST150717C145) for a credit of $6.05  (selling a diagonal)

BTC 3 COST Apr-15 150 calls (COST150417C150)
STO 3 COST Apr-15 155 calls (COST150417C155) for a debit of $3.20  (buying a vertical)

BTC 1 COST Apr-15 150 call (COST150417C150)
STC 1 COST Jul-15 150 call (COST150717C150) for a credit of $2.65  (selling a calendar) 

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

 
Happy trading.

 
Terry