November 30, 2017 Trade Alert - Rising Tide

We will roll out of our short puts to avoid a possible assignment and cut our too-long net positive delta condition about in half:

BTC 4 MA 01Dec17 155 calls (MA171201C155) $.02 ( for no commission)

STO 3 MA 08Dec17 152.5 calls (MA171208C152.5) for $.64

BTC 13 MA 01Dec17 152.5 puts (MA171201P152.5) 
STO 13 MA 08Dec17 150 puts (MA171208P150) for a debit of $.99 (buying a diagonal)

BTO 4 MA 19Jan18 150 puts (MA180119P150)
STC 4 MA 19Jan18 155 puts (MA180119P155) for a credit of $ 2.86 (selling a vertical)

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

Happy trading.

 

Terry