November 18, 2016  Trade Alert -  Rising Tide  Portfolio

The stock is behaving better than the market and we are negative net delta.  This will help:

 

BTC 2 MA 25Nov16 103 puts (MA161125P103)
STO 2 MA 25Nov16 106 puts (MA161125P106) for a credit of $1.12  (selling a vertical)

BTO 1 MA 21Apr17 105 put (MA170421P105)
STC 1 MA 21Apr17 100 put (MA170421P105) for a debit of $1.92  (buying a vertical)

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

 
Happy trading.

 

Terry