March 30, 2015  Trade Alert -  Pattern Play  Portfolio – LIMIT ORDERS

With the stock up nicely today we will sell some premium and add a calendar at a higher strike:

 
STO 1 SVXY APR1 15 70 call (SVXY150402C70) for a limit r $.1.10

BTO 1 SVXY APR4 15 71 call (SVXY150424C71)
STO 1 SVXY APR1 15 71 call (SVXY150402C71) for a debit limit of $2.25  (buying a calendar)

If these do not execute in 3 minutes, change the limits by $.05 and try again for 3 minutes, and repeat this process until an execution is successful.*

 

Happy trading.

 

Terry