Trade For You

Brought to you by Lifestyle Investor Services USA and Lifestyle Trader

Major Features of Trade For You:

Clients with an Interactive Brokers Account through Lifestyle Investor Services USA will be able to send and order for the options trade to be placed in their account through the Lifestyle Options software.
Clients can select the number of contracts they would like to trade.
Clients won’t have to use their account except to check their statements.
If the stock trades through the sold strike an ‘auto-exit’ order will be placed to exit the position at this point.
This should mean clients exit for less than their maximum risk and won’t get Stock positions.
Therefore it’s set, check statements, forget till expiry and check profit/loss and that there are no positions.
This system will be the quickest and simplest method for clients to place option orders.

Order Conditions:

Orders need to be submitted before 8pm Queensland time.
Clients will receive confirmations of orders being received & placed.
Clients can email in to cancel orders up until 9pm on day of placing order.
Important to note that not all orders will be filled.
Orders not filled during that trading session will drop off. Clients can place new orders the next day.
Clients must monitor their own risk and make their own decisions on each trade.

Commissions – Per Option Leg $3 per contract and $10 minimum Per TradeNote: By opting to use this service commissions on all option trades will be changed automatically

Contracts	1	2	3	4	5
Covered Calls	$20	$20	$20	$24	$30
Collars	$30	$30	$30	$36	$45
Bull Put Spreads	$20	$20	$20	$24	$30
Bear Call Spreads	$20	$20	$20	$24	$30
Iron Condor Spreads	$40	$40	$40	$48	$60

*Example of Commission based on up to 5 Contracts

Iron Condors consist of a Bull Put Spreads and Bear Calls Spreads and the Bull Put Spreads and Bear Calls Spreads will be placed separately.

Auto-Exit OrdersThe following auto exit orders will be placed automatically for all fills on the Trade For You service. These orders are designed to exit for the best outcome of the client without the client needing to do anything. They should result in clients having no stock at expiration. Details of these orders are complex and advanced orders (which is a benefit of this service).

Covered Calls

An order will be placed after the close of market on the day the original fill to:Sell the Covered Call (Sell the Stock and Buy back the Call) at market if the stock trades at a price below the call strike (i.e. 14.99 or lower on a $15 call.)Please note this is a market order and stocks do gap. Commissions will only be charged if an order is filled.

Collar

An order will be placed after the close of market on the day the original fill to:

Sell the Collar (Sell the Stock, Buy back the Call and Sell the Put) at a limit of the difference between call and put strike price if the stock trades at a price below the sold call strike.

Please note – if the stock gaps down significantly the order will be triggered how ever may not fill until it gets the limit price. If the stock stays below the put until expiry the order will expire and the options will be automatically exercised – nothing should need to be done. Commissions will only be charged if an order is filled.

Bull Put Spreads

An order will be placed after the close of market on the day the original fill to:

Buy back the Bull Put Spread (Buy back the Sold Put and Sell the Bought Put) at a limit of the difference between call and put strike price if the stock trades at a price below the sold put strike.

Please note – if the stock gaps down significantly the order will be triggered how ever may not fill until it gets the limit price. If the stock stays below the bought put until expiry the order will expire and the options will be automatically exercised – nothing should need to be done. Commissions will only be charged if an order is filled.

Bear Call Spreads

An order will be placed after the close of market on the day the original fill to:

Buy back the Bear Call Spread (Buy back the Sold Call and Sell the Bought Call) at a limit of the difference between call and put strike price if the stock trades at a price above the sold call strike (i.e. 22.51 or higher when 22.50 is the Sold Call strike price.)

Please note – If the Stock gaps up significantly the order will be triggered how ever may not fill until it gets the limit price. If the stock stays above the Bought Call until expiry the order will expire and the options will be automatically exercised – nothing should need to be done. Commissions will only be charged if an order is filled.