May 19, 2017  Trade Alert #2 -   Rising Tide  Portfolio

The stock rose so much today that we became negative net delta:

BTC 3 MA 26May17 116 calls (MA170519C116)

STO 3 MA 02Jun17 118 calls (MA170602C118) for a debit of $.98  (selling a diagonal) 

BTO 1 MA 21Jul17 115 put (MA170721P115)

STC 1 MA 21Jul17 120 put (MA170721P120) for a credit of $2.18  (selling a vertical)

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

Happy trading.

 

Terry