August 22, 2016  Trade Alert -  Foxy Facebook  Portfolio

We are in danger of becoming negative net delta:

 

BTC 2 FB 26Aug16 123 calls (FB160826C123)
STO 2 FB 02Sep16 125 calls (FB160902C125) for a debit of $.71 (selling a diagonal)

BTC 2 FB 26Aug16 123 calls (FB160826C123)
STO 2 FB 09Sep16 125 calls (FB160909C125) for a debit of $.33  (selling a diagonal)

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

 
Happy trading.

 

Terry