March 29, 2016  Trade Alert -  Rising Tide  Portfolio

We can pick up some nice premium and continue to be comfortably long.  We can use the cash to extend the life of a long call:

 

BTC 1 COST APR1 16 157.5 call (COST160401C157.5)
STO 1 COST APR2 16 152.5 call (COST160408C152.5) for a credit of $1.95  (selling a diagonal)

BTO 1 COST Jul-16 155 call (COST160715C155)
STC 1 COST Apr-16 155 call  (COST160415C155) for a debit of $3.27  (buying a calendar)

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

 
Happy trading.

 

Terry