May 24, 2017  Trade Alert – Rising Tide  Portfolio

We have become negative net delta:

BTC 2 MA 26May17 118 puts (MA170526P118)

STC 2 MA 21Jul17 115 puts (MA170721P115) for a credit of $1.08  (selling a diagonal)

BTC 3 MA 26May17 118 puts (MA170526P118)

STO 3 MA 02Jun17 120 puts (MA170526P120) for a credit of $.83  (selling a diagonal)

BTO 3 MA 21Jul17 120 puts (MA170721P120)

STC 3 MA 21Jul17 115 puts (MA170721P115) for a debit of $1.63  (buying a vertical)

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

Happy trading.

 

Terry