November 20, 2017  Terry’s Tips Trade Alert – Rising Tide

We have become negative net delta:

BTC 6 MA 01Dec17 148 calls (MA171201C148)

STO 6 MA 01Dec17 152.5 calls (MA171201C152.5) for a debit of $2.27 (buying a vertical)

BTO 2 MA 19Jan18 155 calls (MA180119C155)

STC 2 MA 19Jan18 145 calls (MA180119C145) for a credit of $5.33 (selling a vertical)

BTO 1 MA 19Jan18 150 call (MA180119C150)

STC 1 MA 19Jan18 145 call (MA180119C145) for a credit of $3.27 (selling a vertical)

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

Happy trading.

 

Terry