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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