April 15, 2013  Trade Alert - Terry’s Trades Portfolio –LIMIT ORDER CHANGES

A safer bet would be to own a longer-term straddle rather than this one with only a few days of life.

The puts can’t be sold for more than the commission right now:

STC 10 ORCL Apr-13 32 calls (ORCL130420C32) for a limit of $1.40

If that executes:

BTO 10 ORCL May-13 33 calls (ORCL130518C33)
BTO 10 ORCL May-13 33 puts (ORCL130518P33) for a debit limit of $1.59  (buying a straddle) 

Happy trading.
 
Terry