April 2, 2015  Trade Alert -  BABA Black Sheep  Portfolio

These trades will get us to a lower strike:

 

BTC 1 BABA APR1 15 85 call (BABA150402C85) for $.01 (no commission)

STO 1 BABA Apr-15 85 call (BABA150417C85) for $.53 

BTO 1 BABA Jul-15 82.5 call (BABA150717C82.5)
STC 1 BABA Jul-15 87.5 call (BABA150717C87.5) for a debit of $2.00  (buying a vertical)

BTC 1 BABA APR1 15 87.5 call (BABA150402C87.5) for $.01 (no commission)

STO 1 BABA Apr-15 82.5 call (BABA150417C82.5) for $1.32

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

 
Happy trading.

 

Terry