July 14, 2015  Trade Alert -  Pattern Play  Portfolio – LIMIT ORDERS

VIX has fallen back to its recent trading range which suggests that we are not in for another surge in SVXY.  We should take some cash in before it is no longer there:

 

BTC 1 SVXY Jul-15 95 call (SVXY150717C95) for a limit of $.05 (no commission)

If that executes: 

STC 1 SVXY JUL4 15 91 call (SVXY150724C91) for a limit of $1.30

If this does not execute in 3 minutes, lower the credit limit by $.02 and try again for 3 minutes, and repeat this process until an execution is successful. 

Happy trading.

 

Terry