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CHANGE of Spread NET credit from $0.30 to $0.85 on RAIL spread

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CHANGE TO THE RAIL PUT CREDIT SPREAD

The RAIL spread is being changed to $0.85 NET CREDIT

The spread on RAIL is extremely wide, so we will be spliting the BID/ASK
and looking ro fill this position if and only if we can get at least an $0.85 spread.
Please change the RAIL put spread to a NET CREDIT OF $0.85 and cancelling the net spread price of $0.30.

RAIL $64.69

SELL RQN-OL RAIL FEB $60.00 PUT CREDIT= $1.45
BUY RQN-OK RAIL FEB $55.00 PUT DEBIT $0.60
NET CREDIT = $0.85
INITIAL "NET- CREDIT TARGET= $0.85 or $85.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.85 = $850.00

MARGIN REQUIRE. (x 10 CONTRACTS $4,150.00
RETURN ON INVESTMENT= 20.48%
EXIT STRATEGY =
1. WATCH LIST
2. MAXIMUM LOSS SPREAD PRICE DIFFERENCE $5.00

STOCK WILL BE PLACED ON WATCH LIST IF STOCK PRICE DROPS TO: $62.00
MAXIMUM LOSS On SPREAD $5.00


RQN-OL STOP LIMIT EXIT >> = $2.40

If and when the STOP LIMIT IS EXECUTED - A contingency order should be in place to than SELL the LONG SIDE of the Spread and close the position with a Market Order if and when the SHORT side needs to be STOPPED OUT.

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