January 28, 2016  Trade Alert -  Foxy Facebook  Portfolio

With the stock up so strongly, we need to roll out of all of our short Jan5-16 calls:

 

BTC 4 FB JAN5 16 97.5 calls (FB160129C97.5)
STC 4 FB Mar-16 97.5 calls (FB160318C97.5) for a credit of $1.68  (selling a calendar)

BTC 1 FB JAN5 16 100 call (FB160129C100)
STC 1 FB Mar-16 97.5 call (FB160318C97.5) for a credit of $4.08  (selling a diagonal)

BTC 2 FB JAN5 16 100 calls (FB160129C100)
STO 2 FB Feb1-16 106 calls (FB160205C106) for debit of $4.48  (selling a diagonal)

BTC 1 FB JAN5 16 100 calls (FB160129C100)
STO 1 FB Feb1-16 107 calls (FB160205C107) for a debit of $4.96  (selling a diagonal)

BTC 2 FB JAN5 16 101 calls (FB160129C101)
STO 2 FB Feb-16 107 calls (FB160219C107) for a debit of $3.00  (selling a diagonal)

BTO 2 FB Jun-16 110 calls (FB160617C110)
STC 2 FB Jun-16 97.5 calls (FB160617C97.5) for a credit of $7.13  (selling a vertical)

BTO 3 FB Jun-16 105 calls (FB160617C105)
STC 3 FB Jun-16 100 calls (FB160617C100) for a credit of $2.95  (selling a vertical)

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

 
Happy trading.

 

Terry