May 12, 2017  Trade Alert  -   Rising Tide  Portfolio

These trades will start us getting set up for next week and straighten things out for anyone who was assigned the 12May17 119 puts.  If you were assigned these puts, sell the shares of MA and sell the appropriate number of the following puts:

STO 2 MA 26May17 116 puts (MA170526P116) for $.94

If you were not assigned puts, execute the following:

BTC 2 MA 12May17 119 calls (MA170512C119)

STO 2 MA 26May17 116 puts (MA170526P116) for a debit of $1.33  (selling a diagonal)

BTC 3 MA 12May17 117 calls (MA170512C117)

STO 3 MA 26May17 117 calls (MA170526C117) for a credit of $.90 (selling a calendar)

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

Happy trading.

 

Terry