April 9, 2015  Trade Alert -  Pattern Play  Portfolio – LIMIT ORDERS

We have become negative net delta:

 

BTC 1 SVXY APR2 15 72 call (SVXY150410C72)
STC 1 SVXY APR4 15 69 call (SVXY150424C69) for a credit of $3.72  (selling a diagonal)

 

BTC 1 SVXY APR2 15 71 call (SVXY150410C71)
STO 1 SVXY Apr-15 74 call (SVXY150417C74) for a debit limit of $1.12  (selling a diagonal)   

BTC 1 SVXY APR2 15 71 call (SVXY150410C71)
STO 1 SVXY Apr-15 75 call (SVXY150417C75) for a debit limit of $1.57  (selling a diagonal

If these do not execute in 3 minutes, change the limits by $.05 and try again for 3 minutes, and repeat this process until an execution is successful.

 

Happy trading.

 

Terry