November 5, 2014  Trade Alert -  Rising Tide  Portfolio

We have become negative net delta: 

 

BTC 2 COST Nov-14 134 calls (COST141122C134)

STC 2 COST Apr-15 130 calls (COST150417C130) for a credit of $5.70  (selling a diagonal) 

 

BTC 3 COST Nov-14 134 calls (COST141122C134)

STO 3 COST Nov-14 138 calls (COST141122C138) for a debit of $2.75  (buying a vertical) 

 

BTC 1 COST Dec-14 135 call (COST141220C135)

STC 1 COST Apr-15 135 call (COST150417C135) for a credit of $2.17  (selling a calendar) 

 

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

 
Happy trading. 

 

Terry