October 14, 2015  Trade Alert -  Rising Tide  Portfolio

All of our short calls are now well out of the money and we can pick up some nice premium to help protect against further weakness:

 
STO 1 COST Oct4-15 150 call (COST151023C150) for $1.95

 

BTC 2 COST Oct4-15 155 calls (COST151023C155)
STO 2 COST Oct4-15 150 calls (COST151023C150) for a credit of $1.68  (selling a vertical)

BTO 1 COST Apr-16 150 call (COST160415C150)
STO 1 COST Oct5-15 150 call (COST151030C150) for a debit of $5.31  (buying a calendar)

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

 
Happy trading.

 

Terry