March 28, 2017  Trade Alert  -   Rising Tide  Portfolio

We have become negative net delta:

BTC 3 MA 31Mar17 110 calls (MA170331C110)

STO 3 MA 07Apr17 113 calls (MA170407C113) for a debit of $2.03  (selling a diagonal)

BTC 2 MA 31Mar17 110 calls (MA170331C110)
STC 2 MA 21Apr17 110 calls (MA170421C110) for a credit of $.46 (selling a calendar)

BTC 4 MA 31Mar17 111 puts (MA170331P111)
STO 4 MA 07Apr17 113 puts (MA170407P113) for a credit of $1.07  (selling a diagonal)

BTO 2 MA 21Jul17 115 puts (MA170721P115)

STC 2 MA 21Apr17 115 puts (MA170421P115) for a debit of $2.28 (buying a calendar) 

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

Happy trading.

 

Terry