August 24, 2015  Trade Alert -  Pattern Play  Portfolio – LIMIT ORDERS

These trades will get us set up for this month:

 

BTO 1 SVXY Oct1-15 65 call (SVXY151002C65)

STO 1 SVXY Aug4-15 68 call (SVXY150828C68) for a debit limit of $5.80 (buying a diagonal)

 

BTO 1 SVXY Oct1-15 70 call (SVXY151002C70)

STO 1 SVXY Aug4-15 75 call (SVXY150828C75) for a debit limit of $5.95  (buying a diagonal)

 

If these don’t execute in 3 minutes, raise the debit limit by $.05 and try again for 3 minutes, and repeat this process until an execution is successful.

 

Happy trading.

 

Terry