October 20, 2017  Trade Alert  -   Rising Tide  Portfolio

We are uncomfortably long (positive net delta) and these trades will keep us long but more comfortably and increase theta as well:

BTC 5 MA 27Oct17 148 puts (MA171027P148)

STO 5 MA 27Oct17 145 puts (MA171027P145) for a debit of $1.93  (buying a vertical)

BTO 1 MA 01Dec17 150 put (MA171201P150)

STC 1 MA 01Dec17 152.5 put (MA171201P152.5) for a credit of $1.88  (selling a vertical)

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

Happy trading.

Terry