Subject: March 16, 2015 Trade Alert - Pattern Play Portfolio – limit order

March 16, 2015   Trade Alert -  Pattern Play  Portfolio – limit order


With the stock up nicely today we can sell against our uncovered long call:

 

STO 1 SVXY Mar-15 64 call (SVXY150327C64) for a limit of $1.65

 

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

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