May 22, 2017  Trade Alert  -   Rising Tide  Portfolio

We have become negative net delta:

BTC 5 MA 26May17 116 puts (MA170526P116)

STO 5 MA 02Jun17 118 puts (MA170602P118) for a credit of $.56  (selling a diagonal)

BTO 2 MA 21Jul17 120 puts (MA170721P120)

STC 2 MA 21Jul17 115 puts (MA170721P115) for a debit of $1.94  (buying a vertical)

BTC 3 MA 26May17 117 calls (MA170526C117)

STO 3 MA 02Jun17 120 calls (MA170602C120) for a debit of $1.55  (selling a diagonal)

BTO 2 MA 15Sep17 120 calls (MA170915C120)

STC 2 MA 15Sep17 115 calls (MA170915C115) for a credit of $3.00  (selling a vertical)

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

Happy trading.

 

Terry