11/2/2016  Trade Alert -  Foxy Facebook  Portfolio

The stock is down almost $3.  We need to roll some short positions to lower strikes:

 

BTC 1 FB 04Nov16 133 call (FB161104C133)
STC 1 FB 17Mar17 130 call (FB170317C130) for a credit of $6.62  (selling a diagonal)

BTC 2 FB 04Nov16 132 calls (FB161104C132)
STO 2 FB 04Nov16 130 calls (FB161104C130) for a credit of $.68  (selling a vertical)

BTO 4 FB 16Dec16 125 puts (FB161212P125)
STO 4 FB 04Nov16 125 puts (FB161104P125) for a debit of $2.03 (buying a calendar)  

Be prepared to change these price limits by $.05 or more in order to get an execution.

 
Happy trading.

 

Terry