May 1, 2015  Trade Alert -  Pattern Play  Portfolio – LIMIT ORDERS

These trades will get us set up for next week.  A $100 maintenance requirement will be created, but it will more than be covered by the cash received:

 

BTC 1 SVXY May1-15 83 call (SVXY150501C83) for a limit of $.05 (no commission)

 

If that trade executes:

 

STO 1 SVXY May2-15 82 call (SVXY150508C82) for a limit of $1.30

 

If this does not execute in 3 minutes, lower the credit limit by $.05 and try again for 3 minutes, and repeat this process until an execution is successful.

Happy trading.

Terry