November 14, 2016  Trade Alert -  Earnings Eagle  Portfolio

The stock has moved higher so that we will make greater gains if it falls.  These trades will make us more neutral net delta:

 

BTO 5 CSCO 20Jan17 30 puts (CSCO170120P30)
STC 5 CSCO 20Jan17 29 puts (CSCO170120P29) for a debit of $.24  (buying a vertical)

BTC 5 CSCO 18Nov16 30 puts (CSCO161118P30)
STO 5 CSCO 18Nov16 31.5 puts (CSCO161118P31.5) for a credit of $.44  (selling a vertical)

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

 
Happy trading.

 

Terry