October 10, 2017  Trade Alert  -   Rising Tide  Portfolio

We aren’t quite negative net delta, but we only have about a dollar protection on the upside:

BTC 8 MA 13Oct17 144 calls (MA171013C144)

STO 8 MA 13Oct17 145 calls (MA171013C145) for a debit of $.74  (buying a vertical)

BTO 2 MA 17Nov17 145 calls (MA171117C145)

STC 2 MA 17Nov17 140 calls (MA171117C140) for a credit of $3.28  (selling a vertical)

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

Happy trading.

Terry