February 13, 2015  Trade Alert -  BABA Black Sheep  Portfolio

We have become negative net delta:

 

BTC 2 BABA Feb-15 87.5 calls (BABA150220C87.5)
STO 2 BABA Mar2-15 90 calls (BABA150313C90) for a debit of $.02  (selling a diagonal)

 

BTC 1 BABA Feb-15 87.5 call (BABA150220C87.5)
STO 1 BABA Mar-15 90 call (BABA150320C90) for a credit of $.36  (selling a diagonal)

 

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

 
Happy trading.

 

Terry