February 1, 2016  Trade Alert -  Foxy Facebook  Portfolio

We need to get longer with the stock up sharply:

 

BTO 2 FB Jun-16 115 calls (FB160617C115)
STC 2 FB Jun-16 105 calls (FB160617C105) for a credit of $6.03  (selling a vertical)

BTC 1 FB Feb-16 108 call (FB160219C108)
STO 1 FB FEB1 16 115 call (FB160205C115) for a debit of $5.83  (buying a diagonal)

BTC 2 FB FEB1 16 111 calls (FB160205C111)
STO 2 FB FEB1 16 116 calls (FB160205C116) for a debit of $2.86  (buying a vertical)

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

 
Happy trading.

 

Terry