May 21, 2015  Trade Alert -  BABA Black Sheep  Portfolio

We have become negative net delta. 

 

BTC 1 BABA Jun-15 87.5 call (BABA150619C87.5
STC 1 BABA Sep-15 85 call (BABA150918C85) for a credit of $4.38  (selling a diagonal)

BTC 1 BABA Jun-15 90 call (BABA150619C90
STC 1 BABA Oct-15 90 call (BABA151016C90) for a credit of $3.68  (selling a calendar) 

BTC 1 BABA Jun-15 90 call (BABA150619C90
STO 1 BABA Jun-15 95 call (BABA150619C95) for a debit of $3.05  (buying a vertical)

BTO 2 BABA Oct-15 95 calls (BABA151016C95
STO 2 BABA Jun-15 95 calls (BABA150619C95) for a debit of $4.10 (buying a calendar) 

BTO 1 BABA Sep-15 95 call (BABA150918C95)
STC 1 BABA Jul-15 87.5 call (BABA150717C87.5) for a credit of $2.07  (buying a diagonal)

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

 
Happy trading.

 

Terry