November 13, Trade Alert Rising Tide Portfolio

This trade will increase our delta and protect against an up move in the stock that would negatively affect our current delta position.

BTC 7 MA 17Nov17 148 puts (MA171117P148)

STO 7 MA 24Nov17 150 puts (MA171124P150) for a credit of $ 1.22  (selling a diagonal)

BTO 4 MA 19Jan18 150 calls (MA180119C150)                                                                      

STC 4 MA 15Dec17 150 calls (MA171215C150) for a debit of $ 1.65 (buying a calendar)

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

Happy trading.

 

Terry