*UPDATE* 10:55AM

CURRENTLY I MISSED THE EXECUTION BY A MERE .10CENTS IT GOT DOWN TO 1.10, AND NOW WORTH 1.50PLUS

I, WILL CONTINUE TO LEAVE THE ORDER OPEN, BUT THIS TRADE WILL MOST LIKELY NOT CATCH A BID.

PER MY RULES I WILL NOT CHASE THE TRADE HERE.

Currently looking today at buying FAS May4 102-105 debit call spread for an intraday long scalp.

I prefer and will do everything I can to not hold this overnight unless conditions warrant it. Only entering this trade if FAS swings lower intraday to trigger my 1.00 limit buy.

You buy 102 may4 calls

and sell 105 may4 calls

equal number for limit 1.00 debit.

My targeted exit point is  credit of 1.90-2.20

stop area will be .50cents area

Entering with less than 3% of portfolio. THIS IS A RISKY TRADE——SO PLEASE BE CAREFUL

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