July 11, 2016  Trade Alert -  Foxy Facebook  Portfolio

We are almost negative net delta and need to get longer:

 

BTO 1 FB 16Sep16 120 call (FB160916C120)
STC 1 FB 16Sep16 110 call (FB160916C110) for a credit of $6.27  (selling a vertical)

BTC 2 FB 15Jul16 116 calls (FB160715C116)
STO 2 FB 15Jul16 119 calls (FB160715C119) for a debit of $2.04  (buying a vertical)

BTC 2 FB 15Jul16 116 calls (FB160715C116)
STO 2 FB 22Jul16 119 calls (FB160722C119) for a debit of $1.53  (selling a diagonal)

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

 
Happy trading.

 

Terry