May 8, 2015  Trade Alert -  BABA Black Sheep  Portfolio

We have become negative net delta:

 

BTC 1 BABA May-15 85 call (BABA150515C85)
STO 1 BABA May-15 87.5 call (BABA150515C87.5) for a debit of $1.68  (buying a vertical)

BTC 1 BABA May-15 85 call (BABA150515C85)

STC 1 BABA Jul-15 85 call (BABA150717C85) for a credit of $2.28  (selling a calendar)

 BTC 1 BABA May-15 85 call (BABA150515C85)

STO 1 BABA Jun-15 90 call (BABA150619C90) for a debit of $1.07  (selling a diagonal)

 

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

 
Happy trading.

 

Terry