December 16, 2015  Trade Alert #2 -  Foxy Facebook  Portfolio

We still have too many in-the-money short calls:

 

BTC 1 FB Dec-15 103 call (FB151218C103)
STO 1 FB Dec4-15 107 call (FB151224C107) for a debit of $2.30 (selling a diagonal)

BTC 2 FB Dec-15 104 calls (FB151218C104)
STO 2 FB Dec4-15 107 calls (FB151224C107) for a debit of $1.46  (selling a diagonal)

BTO 2 FB Mar-16 105 calls (FB160318C105)
STC 2 FB Mar-16 100 calls (FB160318C100) for a credit of $3.05  (selling a vertical)

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

 
Happy trading.

 

Terry