July 20, 2016  Trade Alert -  Foxy Facebook  Portfolio

We have become negative net delta and we might as well get set up for next week’s earnings announcement:

 

BTC 2 FB 22Jul16 117 calls (FB160722C117)

STO 2 FB 29Jul16 121 calls (FB160729C121) for a credit of $.37  (selling a diagonal)

 

BTC 2 FB 22Jul16 118 calls (FB160722C118)
STO 2 FB 29Jul16 121 calls (FB160729C121) for a debit of $.58  (selling a diagonal)

BTC 3 FB 22Jul16 119 calls (FB160722C119)
STO 3 FB 29Jul16 122 calls (FB160729C122) for a credit of $1.00  (selling a diagonal)

BTC 1 FB 22Jul16 119 call (FB160722C119) for $2.57

BTO 4 FB 16Sep16 125 calls (FB160916C125)
STC 4 FB 16Sep16 115 calls (FB160916C115) for a credit of $5.68  (selling a vertical)

BTO 3 FB 16Dec16 125 calls (FB161216C125)
STO 3 FB 29Jul16 123 calls (FB160729C123) for a debit of $3.75  (buying a diagonal)

BTO 3 FB 16Dec16 125 calls (FB161216C125)
STO 3 FB 29Jul16 124calls (FB160729C124) for a debit of $4.18  (buying a diagonal)

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

 
Happy trading.

 

Terry