April 22, 2015  Trade Alert -  BABA Black Sheep  Portfolio

We have enough cash to roll down to a lower strike to collect more premium:

 

BTO 2 BABA Jul-15 87.5 calls (BABA150717C87.5)
STC 2 BABA Jul-15 90 calls (BABA150717C90) for a debit of $.69  (buying a vertical)

BTC 2 BABA May-15 90 calls (BABA150515C90)
STO 2 BABA May-15 87.5 calls (BABA150515C87.5) for a credit of $.42  (selling a vertical)

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

 
Happy trading.

 

Terry