January 28, 2016  Trade Alert #2 -  Foxy Facebook  Portfolio

We are still negative net delta:

 

BTC 1 FB Feb1-16 100 call (FB160205C100)
STC 1 FB Mar-16 100 call (FB160318C100) for a credit of $1.85  (selling a calendar)

BTC 1 FB Feb1-16 100 call (FB160205C100)
STO 1 FB Feb2-16 108 call (FB160212C108) for a debit of $5.20  (selling a diagonal)

BTC 2 FB Feb1-16 105 calls (FB160205C105)
STO 2 FB Feb1-16 109 calls (FB160205C109) for a debit of $2.18  (buying a vertical)

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

 
Happy trading.

 

Terry