December 8, 2016  Trade Alert -  Foxy Facebook  Portfolio

We have become negative net delta:

 

BTC 2 FB 09Dec16 116 calls (FB161209C116)
STO 2 FB 16Dec16 120 calls (FB161216C120) for a debit of $1.92  (selling a diagonal)

BTC 1 FB 09Dec16 117 call (FB161209C117)
STO 1 FB 16Dec16 119 call (FB161216C119) for a debit of $.55  (selling a diagonal)

BTO 2 FB 20Jan17 120 calls (FB170120C120)
STC 2 FB 20Jan17 115 calls (FB170120C115) for a credit of $2.90  (selling a vertical)

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

 
Happy trading.

 

Terry