August 1, 2016  Trade Alert -  Foxy Facebook  Portfolio

We can collect some nice premium and remain comfortably long:

 

STO 2 FB 05Aug16 123 calls (FB160805C123) for $1.34

BTO 2 FB 16Dec16 125 calls (FB161216C125)
STO 2 FB 05Aug16 123 calls (FB160805C123) for a debit of $5.87  (buying a diagonal)

BTC 3 FB 12Aug16 127 calls (FB160812C127)
STO 3 FB 05Aug16 124 calls (FB160805C124) for a credit of $.33  (buying a diagonal)

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

 
Happy trading.

 

Terry