July 7, 2016  Trade Alert -  Foxy Facebook  Portfolio

We have become negative net delta and need to roll to higher strikes:

 

BTO 3 FB 16Sep16 115 calls (FB160916C115)
STC 3 FB 16Sep16 110 calls (FB160916C110) for a credit of $3.15  (selling a vertical)

BTC 2 FB 08Jul16 113 calls (FB160708C113)
STC 2 FB 22Jul16 113 calls (FB160722C113) for a credit of $.78  (selling a calendar)

BTC 2 FB 08Jul16 113 calls (FB160708C113)
STO 2 FB 22Jul16 117 calls (FB160722C117) for a debit of $1.83  (selling a diagonal)

BTC 2 FB 08Jul16 114 calls (FB160708C114)
STO 2 FB 15Jul16 117 calls (FB160715C117) for a debit of $1.44  (selling a diagonal)

BTC 1 FB 15Jul16 115 call (FB160715C115) for $2.24

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

 
Happy trading.

 

Terry