January 29, 2016  Trade Alert -  Foxy Facebook  Portfolio

We have become negative net delta:

 

BTC 2 FB FEB1 16 106 calls (FB160205C106)
STO 2 FB FEB1 16 111 calls (FB160205C111) for a debit of $3.60  (buying a vertical)

BTC 1 FB FEB1 16 107 call (FB160205C107)
STO 1 FB FEB1 16 112 call (FB160205C112) for a debit of $3.20  (buying a vertical)

BTO 2 FB Jun-16 110 calls (FB160617C110)
STC 2 FB Jun-16 100 calls (FB160617C100) for a credit of $6.25  (selling a vertical)

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

 
Happy trading.

 

Terry