April 29, 2016  Trade Alert -  Foxy Facebook  Portfolio

We need to start closing out our low-strike spreads:

 

BTC 8 FB APR5 16 103 puts (FB160429P103) for $.01 (no commission)

STC 8 FB 3Jun16 103 puts (FB160603P103) for $.42

BTC 10 FB APR5 16 105 puts (FB160429P105) for $.01 (no commission)

STC 10 FB Jun-16 105 puts (FB160617P105) for $.92

BTC 2 FB APR5 16 110 puts (FB160429P110) for $.02 (no commission)

STC 2 FB 3Jun16 110 puts (FB160603P110) for $1.27

BTC 7 FB APR5 16 110 calls (FB160429C110)
STC 7 FB Jun-16 110 calls (FB160617C110) for a credit of $1.89  (selling a calendar)

BTO 4 FB 15JUL16 115 calls (FB160715C115)
STO 4 FB 6May16 117 calls (FB160506C117) for a debit of $4.81  (buying a diagonal)

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

 
Happy trading.

 

Terry