November 1, 2013 Trade Alert - Rising Tide Portfolio There is essentially no time premium remaining in the 115 short calls. Selling the Nov5-13 weekly call will allow us to pick a strike that is not available in the regular monthly option series: BTC 2 COST Nov-13 115 calls (COST131116C115) STC 2 COST Jan-14 115 calls (COST140118C115) for a credit of $1.30 (selling a calendar) BTO 1 COST Apr-14 120 call (COST140419C120) STO 1 COST Nov5-13 121 call (COST131129C121) for a debit of $3.85 (buying a diagonal) Be prepared to change these price limits by $.05 or more in order to get an execution. Happy trading. Terry