January 27, 2016  Trade Alert -  Foxy Facebook  Portfolio

We might collect a little premium while the option prices are pre-announcement high:

 

BTC 2 FB JAN5 16 110 calls (FB160129C110)
STO 2 FB Feb1-16 105 calls (FB160205C105) for a credit of $.70  (selling a diagonal)

BTO 1 FB Mar-16 100 call (FB160318C100)
STO 1 FB JAN5 16 100 call (FB160129C100) for a debit of $2.40  (buying a calendar)

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

 
Happy trading.

 

Terry