November 20, 2015  Trade Alert -  Rising Tide  Portfolio

We have become negative net delta:

 

BTC 3 COST Nov4-15 162.5 calls (COST151127C162.5)
STO 3 COST Dec4-15 167.5 calls (COST151224C167.5) for a debit of $.18  (selling a diagonal)

BTC 3 COST Dec1-15 162.5 calls (COST151204C162.5)
STO 3 COST Dec-15 165 calls (COST151219C165) for a debit of $.28  (selling a diagonal)

BTC 3 COST Dec2-15 162.5 calls (COST151211C162.5)
STO 3 COST Dec2-15 167.5 calls (COST151211C167.5) for a debit of $2.60  (buying a vertical)

BTO 1 COST Apr-16 170 call (COST160415C170)
STC 1 COST Apr-16 155 call (COST160415C155) for a credit of $8.47  (selling a vertical)

BTO 2 COST Apr-16 165 call (COST160415C165)
STC 2 COST Apr-16 160 call (COST160415C160) for a credit of $2.80  (selling a vertical)

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

 
Happy trading.

 

Terry