We are adding two contigent orders to protect us against a large move in the markets. And to make best use of or margin this is how we will have our orders working.
Our $0.05 buy backs should be entered as stand alone trades. Not OCOed to our short buy backs like before.
Our short buy back order will trigger our long sell order. (1st triggeres sequence)
So for our Apr 690/700 call spread here is the order.
Buy to close 2 Apr 690 calls @ Market GTC if RUT trades at or above 690
triggers
Sell to close 2 Apr 700 callse @ Market GTC if RUT trades at or above 695
Our put spread is the same just reversed.
I have updated the tracker with all our current orders.