October 19, 2017  Trade Alert  -   Rising Tide  Portfolio

If you were assigned 149 puts, sell the shares of stock at the market and then sell the appropriate number of MA 27Oct17 148 puts.  Otherwise, place the following orders:

BTC 7 MA 20Oct17 149 puts (MA171020P149)

STO 7 MA 27Oct17 147 puts (MA171027P147) for a debit of $1.40  (selling a diagonal)

BTC 3 MA 20Oct17 148 calls (MA171020C148) for $.03 (no commission)

STO 3 MA 27Oct17 146 calls (MA171027C146) for $1.00

BTC 6 MA 20Oct17 147 calls (MA171020C147)

STO 6 MA 27Oct17 146 calls (MA171027C146) for a credit of $.96  (selling a diagonal)

BTC 5 MA 20Oct17 147 calls (MA171020C147)

STO 5 MA 27Oct17 145 calls (MA171027C145) for a credit of $1.41  (selling a diagonal

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

Happy trading.

 

Terry