December 18, 2014  Trade Alert -  BABA Black Sheep  Portfolio

We have become negative net delta: 

 

BTC 1 BABA Dec-14 106 call (BABA141220C106)

STO 1 BABA Jan-15 115 call (BABA150117C115) for a debit of $1.85  (selling a diagonal) 

 

Be prepared to change this price limit by $.10 or more in order to get an execution. . 

 
Happy trading. 

 

Terry