August 4, 2016  Trade Alert -  Foxy Facebook  Portfolio

We have become negative net delta:

 

BTC 3 FB 05Aug16 122 calls (FB160805C122)
STO 3 FB 19Aug16 124 calls (FB160819C124) for a debit of $.44  (selling a diagonal)

BTO 1 FB 16Dec16 125 call (FB161216C125)
STC 1 FB 16Sep16 125 call (FB160916C125) for a debit of $4.60  (buying a calendar)

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

 
Happy trading.

 

Terry