1. PHOENIX OPTION TRADING RULES

2. SUGGESTED TRADES

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

4. 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

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

6. The Company or Symbol ABC Company

7. THE EXPIRATION MONTH

8. THE TYPE OF OPTION  CALL OR PUT

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

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

11. ENTRY RULES

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

13. EXIT RULES

14. 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

15. CAPITAL MANAGEMENT All trades based on a 500 investment