April 20, 2016  Trade Alert -  Foxy Facebook  Portfolio

We have become negative net delta:

 

BTC 3 FB APR4 16 110 calls (FB160422C110)
STO 3 FB APR5 16 113 calls (FB160429C113) for a credit of $1.17  (selling a diagonal)

BTO 2 FB Jun-16 115 calls (FB160617C115)
STO 2 FB APR5 16 115 calls (FB160429C115) for a debit of $1.66  (buying a calendar)

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

 
Happy trading.

 

Terry