March 31, 2016  Trade Alert -  Rising Tide  Portfolio

We have become negative net delta:

 

BTO 4 COST Jul-16 160 calls (COST160715C155)
STC 4 COST Jul-16 155 calls (COST160715C155) for a credit of $2.90  (selling a vertical)

BTC 1 COST APR2 16 155 call (COST160408C155)
STO 1 COST Apr-16 160 call (COST160415C155) for a debit of $2.97  (selling a diagonal)

BTC 1 COST Apr-16 155 call (COST160415C155)
STO 1 COST Apr4-16 160 call (COST160422C160) for a debit of $2.85  (selling a diagonal)

BTC 2 COST APR2 16 157.5 calls (COST160408C157.5)
STO 2 COST APR2 16 160 calls (COST160408C160) for a debit of $1.49  (buying a vertical)

BTC 1 COST APR4 16 157.5 calls (COST160422C157.5)
STO 1 COST APR4 16 160 calls (COST160422C160) for a debit of $1.48  (buying a vertical)

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

 
Happy trading.

 

Terry