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

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

STC 10 ORCL Apr-13 32 calls (ORCL130420C32)
STC 10 ORCL Apr-13 32 puts (ORCL130420P32) for a credit limit of $1.44  (selling a straddle)
 
STC 10 ORCL Apr-13 32 puts (ORCL130420P32) for a limit of $.02

If those trades execute:

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