April 1, 2016  Trade Alert -  Foxy Facebook  Portfolio

We have a few too many in-the-money short calls now that the stock has popped up:

 

BTC 1 FB APR2 16 115 call (FB160408C115)
STO 1 FB Apr4-16 118 call (FB160422C118) for a credit of $.23  (selling a diagonal)

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

 
Happy trading.

 

Terry