January 21, 2015  Trade Alert -  BABA Black Sheep  Portfolio

We have become negative net delta:  

 

BTC 1 BABA JAN5 15 100 call (BABA150130C100)

STO 1 BABA Feb-15 110 call (BABA150220C110) for a debit of $3.25  (selling a diagonal)

 

BTO 1 BABA Jul-15 110 call (BABA150717C110)

STC 1 BABA Jul-15 100 call (BABA150717C100) for a credit of $4.35  (selling a vertical)

 

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

 
Happy trading.

 

Terry