March 30, 2016  Trade Alert -  Rising Tide  Portfolio

We have become negative net delta:

 

BTC 1 COST APR1 16 152.5 calls (COST160401C152.5)
STO 1 COST APR2 16 157.5 call (COST160408C157.5) for a debit of $2.69  (selling a diagonal)

BTC 1 COST APR1 16 155 calls (COST160401C155)
STO 1 COST APR2 16 157.5 call (COST160408C157.5) for a debit of $.68  (selling a diagonal)

BTC 1 COST APR2 16 152.5 call (COST160408C152.5)
STC 1 COST Apr-16 155 call (COST160415C155) for a debit of $1.40  (selling a diagonal)

BTO 1 COST Jul-16 155 call (COST160715C155)
STO 1 COST Apr-16 155 call (COST160415C155) for a debit of $3.46  (buying a calendar)

BTO 3 COST Jul-16 155 calls (COST160715C155)
STC 3 COST Jul-16 150 calls (COST160715C150) for a credit of $3.32  (selling a vertical)

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

 
Happy trading.

 

Terry