June 16, 2015  Trade Alert -  Pattern Play  Portfolio – LIMIT ORDER

In spite of today’s small upswing, the stock is well below where we need it to be and we should get a little more conservative:

 

BTC 1 SVXY Jun-15 94 call (SVXY150605C94)
STO 1 SVXY Jun-15 90 call (SVXY150605C90) for a credit limit of $1.15  (selling a vertical)

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