November 17, 2015  Trade Alert -  Rising Tide  Portfolio

We have become negative net delta:

 

BTO 4 COST Apr-16 160 calls (COST160415C160)
STC 4 COST Apr-16 155 calls (COST160415C155) for a credit of $2.80  (selling a vertical)

BTC 4 COST Nov-15 155 calls (COST151120C155)
STO 4 COST Dec1-15 160 calls (COST151204C160) for a debit of $2.35  (selling a diagonal)

BTC1 COST Nov4-15 155 call (COST151127C155)
STC 1 COST Apr-16 155 call (COST160415C155) for a credit of $5.50  (selling a calendar)

BTC 2 COST Nov4-15 155 calls (COST151127C155)
STO 2 COST Nov4-15 160 calls (COST151127C160) for a debit of $3.62  (buying a vertical)

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

 
Happy trading.

 

Terry