Subject: July 28, 2016 Trade Alert - Foxy Facebook Portfolio

July 28, 2016  Trade Alert -  Foxy Facebook  Portfolio


The stock has fallen back closer to our sweet spot and we don’t need to be so short.  These trades will help:

 

BTC 2 FB 29Jul16 119 calls (FB160729C119)
STC 2 FB 16Sep16 115 calls (FB160916C115) for a credit of $5.38  (selling a diagonal)

BTC 1 FB 29Jul16 120 call (FB160729C120)
STC 1 FB 16Sep16 115 call (FB160916C115) for a credit of $6.35  (selling a diagonal)

BTC 4 FB 29Jul16 120 calls (FB160729C120)
STC 4 FB 16Sep16 120 calls (FB160916C120) for a credit of $2.55  (selling a calendar)

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

 
Happy trading.

 

Terry

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