August 17, 2016  Trade Alert -  Foxy Facebook  Portfolio

We need to get shorter as the market is looking weak:

 

BTC 4 FB 19Aug16 126 calls (FB160819C126)
STO 4 FB 26Aug16 123 calls (FB160826C123) for a credit of $1.28  (selling a diagonal)

BTO 1 FB 16Dec16 120 call (FB161216C120)
STC 1 FB 16Dec16 125 call (FB161216C125) for a debit of $2.70  (buying a vertical)

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

 
Happy trading.

 

Terry