March 22, 2013 Trade Alert - Terry’s Trades Portfolio – LIMIT ORDERS

If you have been assigned puts and are in Auto-Trade, thinkorswim will handle everything for you.  If you are not in Auto-Trade, you should sell the shares you are long and then sell the April puts at the same strike as those which were exercised.  We will start exiting our positions with these trades:

BTC 40 ORCL Mar4-13 34 puts (ORCL130322P34)
STC 40 ORCL Apr-13 34 puts (ORCL130420P34) for a credit limit of $.17  (selling a calendar)

BTC 20 ORCL Mar4-13 33.5 puts (ORCL130322P33.5)
STC 20 ORCL Apr-13 34 puts (ORCL130420P34) for a credit limit of $.67 (selling a calendar)
 
Happy trading.
 
Terry