PHOENIX OPTION TRADING RULES

SUGGESTED TRADES

 Suggested trades can come anytime our traders see an opportunity  Trades are ed as well as texted  Trades are posted to the website

SUGGESTED TRADES WILL APPEAR IN THIS FORMAT:  1. ABC Company – Buy to open the FEB 50 Call for 2.50 or better  2. ABC Company – Buy to open the FEB 50 put for 2.50 or better

Phoenix options only buys options to open and sells options to close

The Company or Symbol ABC Company

THE EXPIRATION MONTH

THE TYPE OF OPTION  CALL OR PUT

THE PRICE WE WANT TO PAY 2.50 per contract OR BETTER 2.50 or at a LOWER price

THESE ORDERS WILL WORK UNTIL CANCELED VIA OUR DELIVERY SYSTEM –  TEXT OR  Daily position updates will be sent with instruction as to what to do next on the trade

ENTRY RULES

1. ALL TRADES WORK UNTIL WE GET OUR PRICE OR CANCEL 2. YOU CAN WORK YOUR ORDER AT THE QUOTED PRICE

EXIT RULES

1. WHEN A NEW TRADE IS EXECUTED. PLACE A 30% STOP 2. WHEN A 30% PROFIT IS REACHED, CHANGE YOUR 30% STOP TO A 10% TRAILING STOP 3. IF YOU GET STOPPED OUT FOR A 30% LOSS, MOVE ON TO THE NEXT TRADE

CAPITAL MANAGEMENT All trades based on a 500 investment