February 22, 2016  Trade Alert -  Foxy Facebook  Portfolio

With the stock up strongly today we have become negative net delta:

 

BTC 1 FB FEB4 16 105 call (FB160226C105)
STO 1 FB Mar1-16 108 call (FB160304C108) for a debit of $1.28  (selling a diagonal)

BTC 1 FB FEB4 16 105 call (FB160226C105)
STO 1 FB Mar-16 108 call (FB160318C108) for a debit of $.17  (selling a diagonal)

 

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

 
Happy trading.

 

Terry