April 9, 2015  Trade Alert -  BABA Black Sheep  Portfolio

We have become negative net delta:

 

BTC 1 BABA Apr-15 82.5 call (BABA150417C82.5)
STC 1 BABA Jul-15 82.5 call (BABA150717C82.5) for a credit of $3.20  (selling a calendar)

 BTC 1 BABA APR2 15 85 call (BABA150410C85
STO 1 BABA May-15 90 call (BABA150515C90) for a credit of $.50  (selling a diagonal) 

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

 
Happy trading.

 

Terry