May 25, 2017  Trade Alert #3 – Rising Tide  Portfolio

With the stock continuing higher, we have become negative net delta once again:

BTC 5 MA 02Jun17 118 puts (MA170602P118)

STO 5 MA 02Jun17 123 puts (MA170602P123) for a credit of $1.19  (selling a vertical) 

BTO 4 MA 21Jul17 125 puts (MA170721P125)

STC 4 MA 21Jul17 120 puts (MA170721P120) for a debit of $2.43  (buying a vertical)

BTC 3 MA 02Jun17 120 calls (MA170602C120)

STO 3 MA 09Jun17 123 calls (MA170609C123) for a debit of $1.62  (selling a diagonal)

BTO 3 MA 21Jul17 125 calls (MA170721C125)STC 3 MA 21Jul17 120 calls (MA170721C120) for a credit of $2.60  (selling a vertical)

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

Happy trading.

Terry