November 21, 2017  Terry’s Tips Trade Alert #3 – Rising Tide

 

We have become negative net delta once again:

 

BTC 5 MA 01Dec17 150 calls (MA171201C150)

STO 5 MA 08Dec17 155 calls (MA171208C155) for a debit of $2.06 (selling a diagonal)

 

BTO 4 MA 19Jan18 155 calls (MA180119C155)

STC 4 MA 19Jan18 150 calls (MA180119C150) for a credit of $2.58 (selling a vertical)

 

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

 

Happy Trading,

 

Terry