November 19, 2015  Trade Alert -  Rising Tide  Portfolio

We have become negative net delta:

 

BTC 3 COST Nov-15 160 calls (COST151120C160)
STO 3 COST Nov4-15 162.5 calls (COST151127C162.5) for a debit of $.97  (selling a diagonal)

BTC 2 COST Dec1-15 160 calls (COST151219C160)

STO 2 COST Dec1-15 162.5 calls (COST151219C162.5) for a debit of $1.50  (buying a vertical)

 

BTC 2 COST Dec1-15 160 calls (COST151219C160)

STO 2 COST Dec2-15 162.5 calls (COST15128C162.5) for a debit of $.57  (selling a diagonal)

 

BTO 1 COST Apr-16 165 call (COST160415C165)
STC 1 COST Apr-16 155 call (COST160415C155) for a credit of $5.65  (selling a vertical)

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

 
Happy trading.

 

Terry