October 9, 2015  Trade Alert -  Rising Tide  Portfolio

We can take a nice 50% profit on this spread and free up $500 of maintenance requirement, and we can use the cash to collect some premium and get longer:

BTC 1 COST Oct-15 140 put (COST151016P140)
STC 1 COST Oct-15 135 put (COST151016P135) for a debit of $.09  (buying a vertical)

BTC 2 COST Oct-15 150 calls (COST151016C150)
STO 2 COST Oct-15 152.5 calls (COST151016C152.5) for a debit of $1.90  (buying a vertical)

BTC 1 COST Oct-15 150 call (COST151016C150) for $3.35

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

 
Happy trading.

 

Terry