October 14, 2016  Trade Alert -  Earnings Eagle  Portfolio

The stock has fallen about $5 since we set up these positions.  We need to roll down to lower strikes:

BTC 3 IBM 14Oct16 160 calls (IBM161014C160) for $.02 (no commission)

BTC 2 IBM 14Oct16 162.5 calls (IBM161014C162.5) for $.01 (no commission)

STO 3 IBM 21Oct16 155 calls (IBM161021C155) for $3.47 

STO 2 IBM 21Oct16 157.5 calls (IBM161021C157.5) for $2.24

BTO 2 IBM 20Jan17 155 calls (IBM170120C155)
STC 2 IBM 20Jan17 165 calls (IBM170120C165) for a debit of $3.95  (buying a vertical)

BTO 2 IBM 20Jan17 155 calls (IBM170120C155)
STC 2 IBM 20Jan17 160 calls (IBM170120C160) for a debit of $2.35  (buying a vertical)

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

 
Happy trading.

 

Terry