November 18, 2015  Trade Alert -  Rising Tide  Portfolio

We have become negative net delta:

 

BTO 1 COST Apr-16 165 call (COST160415C165)
STC 1 COST Apr-16 155 call (COST160415C155) for a credit of $5.35  (selling a vertical)

BTC 1 COST Nov-15 157.5 call (COST151120C157.5)
STO 1 COST Dec1-15 162.5 call (COST1204C162.5) for a debit of $1.66  (selling a diagonal)

BTC 1 COST Nov-15 157.5 call (COST151120C157.5)
STO 1 COST Dec2-15 162.5 call (COST1211C162.5) for a debit of $.78  (selling a diagonal)

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

 
Happy trading.

 

Terry