February 26, 2016  Trade Alert -  Foxy Facebook  Portfolio

We have become negative net delta:

 

BTC 1 FB FEB4 16 106 call (FB160226C106)
STO 1 FB Mar-16 109 call (FB160318C109) for a credit of $.04  (selling a diagonal)

BTC 2 FB MAR1 16 106 calls (FB160304C106)
STO 2 FB MAR2 16 109 calls (FB160311C109) for a debit of $1.35  (selling a diagonal)

BTO 1 FB Jun-16 110 call (FB160617C110)
STC 1 FB Jun-16 105 call (FB160617C105) for a credit of $2.80  (selling a vertical)

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

 
Happy trading.

 

Terry