March 25, 2013 Trade Alert - Terry’s Trades Portfolio – LIMIT ORDERS

I expect that these trades will recover some of the losses we incurred on Oracle.  Over the past two years, ORCL has fluctuated at least $1.40 in either direction in 22 out of 24 months:

BTO 20 ORCL Apr-13 32 calls (ORCL130420C32)
BTO 20 ORCL Apr-13 32 puts (PRCL130420P32) for a debit limit of $1.44  (buying a straddle) 
 
If that executes:

STC 10 ORCL Apr-13 32 calls (ORCL130420C32) for a limit of $1.47 GTC (Good Til Cancelled)

STC 10 ORCL Apr-13 32 puts (ORCL130420P32) for a limit of $1.47 GTC (Good Til Cancelled)

Happy trading.
 
Terry