Subject: May 19, 2015 Trade Alert - Pattern Play Portfolio – LIMIT ORDERS

May 19, 2015  Trade Alert -  Pattern Play  Portfolio – LIMIT ORDERS


We have become negative net delta:

 

BTC 1 SVXY MAY4 15 85 call (SVXY150522C85)
STO 1 SVXY May5-15 87 call (SVXY150528C87) for a debit limit of $.47  (selling a diagonal)

 

BTC 1 SVXY MAY4 15 85 call (SVXY150522C85)
STO 1 SVXY May5-15 88 call (SVXY150528C88) for a debit limit of $1.02  (selling a diagonal)

If these do not execute in 3 minutes, change the limits by $.02 and try again for 3 minutes, and repeat this process until an execution is successful. 

 

Happy trading.

 

Terry

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