May 3, 2017  Trade Alert  -   Rising Tide  Portfolio

We have become negative net delta:

BTC 2 MA 05May17 116 calls (MA170505C116)

STO 2 MA 12May17 119 calls (MA170512C119) for a debit of $1.38  (selling a diagonal)

BTC 3 MA 05May17 116 puts (MA170505P116)

STO 3 MA 12May17 119 puts (MA170512P119) for a credit of $1.59  (selling a diagonal)

BTO 1 MA 21Jul17 120 put (MA170721P120)

STC 1 MA 19May17 115 put (MA170519P115) for a debit of $3.76  (buying a diagonal)

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

Happy trading.

 

Terry