April 27, 2016  Trade Alert -  Foxy Facebook  Portfolio

We will lower our strike prices to give us more downside protection in light of recent post-earnings stock price moves by other companies:

 

STO 2 FB 29 APR 16 110 calls (FB160429C110) for $3.25

BTC 5 FB APR5 16 115 calls (FB160429C115)
STC 5 FB Jun-16 115 calls (FB160617C115) for a credit of $1.60  (selling a calendar)

BTO 8 FB 3 JUN 16 103 puts (FB160603P103)
STO 8 FB 29 Apr 16 103 puts (FB160429P103) for a debit of $1.18 (buying a calendar)

BTO 2 FB Jun-16 105 puts (FB160617P105)
STO 2 FB APR5 16 105 puts (FB160429P105) for a debit of $1.53  (buying a calendar)

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

 
Happy trading.

 

Terry