August 15, 2016  Trade Alert -  Foxy Facebook  Portfolio

We are too long and the stock seems weaker than the overall market.  This will help:

 

BTC 2 FB 19Aug16 127 calls (FB160819C127)
STO 2 FB 19Aug16 123 calls (FB160819C123) for a credit of $1.37  (selling a vertical)

BTO 1 FB 16Dec16 125 call (FB161216C125)
STC 1 FB 16Sep16 115 call (FB160916C115) for a credit of $2.44  (buying a diagonal)

BTO 1 FB 16Dec16 120 call (FB161216C120)
STC 1 FB 16Sep16 120 call (FB160916C120) for a debit of $4.65  (buying a calendar)

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

 
Happy trading.

 

Terry