October 8, 2014  Trade Alert -  Rising Tide  Portfolio

Gamma is almost as high as delta so we won’t be net delta positive if the stock moves a dollar higher:

 

BTC 2 COST Oct-14 126 calls (COST141018C126)

STO 2 COST Nov-14 130 calls (COST141122C130) for a debit of $1.00  (selling a diagonal) 

 

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

 
Happy trading. 

 

Terry