May 15, 2017  Trade Alert #3 -   Rising Tide  Portfolio

The stock continues to rise and making us negative net delta:

BTC 3 MA 19May17 117 calls (MA170519C117)
STO 3 MA 26May17 120 calls (MA170526C120) for a debit of $1.29  (selling a diagonal)

BTC 5 MA 19May17 117 puts (MA170519P117)
STO 5 MA 26May17 119 puts (MA170526P119) for a credit of $1.02  (selling a diagonal)

BTO 2 MA 21Jul17 120 puts (MA170721P120)

STC 2 MA 21Jul17 115 puts (MA170721P115) for a debit of $2.06  (buying a vertical)

BTO 1 MA 21Jul17 120 call (MA170721C120)

STC 1 MA 21Jul17 110 call (MA170721C110) for a credit of $7.04  (selling a vertical)

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

Happy trading.

 

Terry