August 29, 2016  Trade Alert -  Foxy Facebook  Portfolio

We have become negative net delta.  This will help:

 

BTC 4 FB 02Sep16 124 calls (FB160902C124)
STO 4 FB 16Sep16 126 calls (FB160916C126) for a debit of $.26  (selling a diagonal)

BTO 2 FB 20Jan17 125 calls (FB170120C125)
STC 2 FB 16Dec16 120 calls (FB161216C120) for a credit of $1.90  (buying a diagonal)

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

 
Happy trading.

 

Terry