January 29, 2016  Trade Alert #4 -  Foxy Facebook  Portfolio

The stock keeps rising and makes us negative net delta once again:

 

BTC 1 FB Feb-16 107 call (FB160219C107)
STO 1 FB Feb2-16 114 call (FB160212C114) for a debit of $4.95  (buying a diagonal)

BTO 1 FB Jun-16 115 call (FB160617C115)
STC 1 FB Jun-16 105 call (FB160617C105) for a credit of $5.62  (selling a vertical)

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

 
Happy trading.

 

Terry