December 31, 2014  Trade Alert -  BABA Black Sheep  Portfolio

There is no reason to wait to roll over.  We will gain enough cash to add on a new spread:

 

BTC 1 BABA JAN1 15 111 call (BABA150102C111) for $.02 (no commission)

STO 1 BABA Jan5-15 106 call (BABA150130C106) for $3.74

BTC 1 BABA Jan-15 115 call (BABA150117C115)

STO 1 BABA Jan-15 110 call (BABA150117C110) for a credit of $.82 (selling a vertical)

BTO 1 BABA Jul-15 105 call (BABA150717C105)

STO 1 BABA Jan-15 106 call (BABA150117C106) for a debit of $9.17  (buying a diagonal)

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

 
Happy trading.

Terry