April 27, 2015  Trade Alert -  Pattern Play  Portfolio – LIMIT ORDERS

These trades will get us set up for next month.  We are buying Jun1-15 calls rather than Jun-15 so we can buy three spreads rather than only two. 

 

BTO 1 SVXY Jun1-15 83 call (SVXY150605C83)

STO 1 SVXY May1-15 83 call (SVXY150501C83) for a debit limit of $3.32  (buying a calendar)

 

BTO 1 SVXY Jun1-15 85 call (SVXY150605C85)

STO 1 SVXY May2-15 85 call (SVXY150508C85) for a debit limit of $2.47  (buying a calendar)

 

BTO 1 SVXY Jun1-15 85 call (SVXY150605C85)

STO 1 SVXY May2-15 87 call (SVXY150508C87) for a debit limit of $3.03  (buying a diagonal)

 

If these do not execute in 3 minutes, change the limits by $.02 and try again for 3 minutes, and repeat this process until an execution is successful. 

 

Happy trading.

Terry