October 7, 2015  Trade Alert -  Rising Tide  Portfolio

We have become negative net delta:

 

BTC 1 COST OCT2 15 146 call (COST151009C146)STO 1 COST Oct-15 150 call (COST151016C150) for a debit of $2.05 (selling a diagonal)

BTC 2 COST Oct-15 147 calls (COST151016C147)
STO 2 COST Oct-15 150 calls (COST151016C150) for a debit of $1.80  (buying a vertical)

BTO 1 COST Apr-16 150 call (COST160415C150)STC 1 COST Apr-16 140 call (COST160415C140) for a credit of $6.00  (selling a vertical)

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

 
Happy trading.

 

Terry