May 25, 2016  Trade Alert -  Rising Tide  Portfolio

The stock is up almost a dollar, and we need to sell some calls in advance of the earnings announcement which comes after the close today.  We will have to sell one of our long Jul-16 calls to cover the $100 maintenance requirement but we are not sure which one until we see how these executions go:

 

BTO 1 COST 15Jul16 145 call (COST160715C145)
STC 1 COST 21Oct16 155 call (COST161021C155) for a debit of $1.35  (selling a diagonal)

BTO 1 COST 15Jul16 145 call (COST160715C145)
STC 1 COST 15Jul16 150 call (COST160715C150) for a debit of $1.94  (buying a vertical)

STO 1 COST 27May16 144 call (COST160527C144) for $2.08

STO 1 COST 27May16 145 call (COST160527C145) for $1.62

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

 
Happy trading.

 

Terry