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Order changes on OSTK and MRVL

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OSTK and MRVL orders modified

OSTK: Change NET CREDIT as noted below
MRVL: CANCEL and REPLACE with the Trade below


OSTK spread: Cancel NET CREDIT = $0.45

Change order to NET CREDIT = $0.25 as noted below

NEW ORDER with NET CREDIT $0.25

BUY QKT-FF OSTK JUN $30.00 CALL DEBIT = $0.15
SELL QKT-FE OSTK JUN $25.00 CALL CREDIT= $0.40
NET CREDIT = $0.25

In addition, STRAIGHT cancel the MRVL spread and replace with the following
MRVL spread.

NEW ORDER BELOW:

MRVL $46.81

BUY UVM-FK MRVL JUN $55.00 CALL DEBIT = $0.35
SELL UVM-FX MRVL JUN $52.50 CALL CREDIT= $0.60
NET CREDIT = $0.25
 

INITIAL "NET- CREDIT TARGET= $0.25 or $25.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.25 = $250.00

MARGIN REQUIRE. (x 10 CONTRACTS $2,250.00
RETURN ON INVESTMENT= 11.11%

EXIT STRATEGY = 1. WATCH LIST 2. MAXIMUM LOSS SPREAD PRICE DIFFERENCE
1. STOCK WILL BE PLACED ON WATCH LIST IF STOCK PRICE RISES TO: $49.66
2. ON SPREADS WITH 2.50 or less difference in STRIKE PRICES
MAXIMUM EXPOSURE is: $2.50 Which is the difference between the strike prices
THIS WILL BE OUR MAXIMUM EXPOSURE - WE WILL NOT USE STOPS ON
THOSE POSITIONS. THEY WILL GO ON THE WATCH LIST AND BE FOLLOWED WITH INSTRUCTIONS
AS TO HOW TO PROCEED OR/WHAT EXIT POINT NEEDS TO BE ESTABLISHED



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