October 8, 2015  Trade Alert -  Rising Tide  Portfolio

With the stock up $2 today, these short calls are getting too much in the money (there is little time premium to collect):

 

BTC 2 COST Oct-15 148 calls (COST151016C148)STO 2 COST Nov1-15 152.5 calls (COST151106C152.5) for a debit of $1.06  (selling a diagonal)

BTO 3 COST Apr-16 150 calls (COST160415C150)STC 3 COST Jan-16 145 calls (COST160115C145) for a credit of $.52  (buying a diagonal)

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

 
Happy trading.

 

Terry