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Portfolio #1: ALERT We are placing a Good til canceled BUY STOP order on the SLW June 21 call to close.

We are placing a BUY STOP on the SLW June 21 put at a $0.57 DEBIT

If the BUY STOP PRICE is triggered we will be stopped out of the SLW June 21 call and then sell our SLW June June 22 Call at the Market.

However, if the SLW June 21 Call BUY STOP PRICE is not triggered we will continue to hold the position.