October 15, 2015  Trade Alert -  Pattern Play  Portfolio – LIMIT ORDERS

We have become negative net delta:

 

BTC 1 SVXY Oct-15 56 call (SVXY151016C56)
STC 1 SVXY OCT5 15 54 call (SVXY151030C54) for a credit of $2.70  (selling a diagonal)

BTC 1 SVXY Oct-15 59 call (SVXY151016C59)STO 1 SVXY Oct4-15 62 call (SVXY151023C62) for a debit of $.20  (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