March 23, 2015  Trade Alert -  Pattern Play  Portfolio – LIMIT ORDERS

These trades will get us set up for the April expiration month:

 

BTO 1 SVXY Apr4-15 69 call (SVXY150424C69)

STO 1 SVXY Mar4-15 70 call (SVXY150328C70) for a debit limit of $3.33  (buying a diagonal)

 

BTO 1 SVXY Apr4-15 70 call (SVXY150424C70)

STO 1 SVXY Mar4-15 71 call (SVXY150328C71) for a debit limit of $3.13  (buying a diagonal)

 

BTO 1 SVXY Apr4-15 71 call (SVXY150424C71)

STO 1 SVXY Apr1-15 72 call (SVXY150402C72) for a debit limit of $2.18  (buying a diagonal)

 

If these do not execute in 3 minutes, change the limits by $.03 and try again for 3 minutes, and repeat this process until an execution is successful.*

 

Happy trading.

 

Terry