June 13, 2016  Trade Alert #2 -  Foxy Facebook  Portfolio

With the stock down nearly $3 we need to roll to some lower strikes:

 

BTC 2 FB 17Jun16 118 calls (FB160617C118)
STC 2 FB 16Sep16 120 calls (FB160916C120) for a credit of $4.27  (selling a diagonal)

BTC 2 FB 17Jun16 118 calls (FB160617C118)
STO 2 FB 17Jun16 113 calls (FB160617C113) for a credit of $1.66  (selling a vertical)

BTC 1 FB 17Jun16 118 call (FB160617C118)
STO 1 FB 17Jun16 114 call (FB160617C114) for a credit of $1.08  (selling a vertical)

BTC 1 FB 17Jun16 117 call (FB160617C117)
STO 1 FB 17Jun16 114 call (FB160617C114) for a credit of $.96  (selling a vertical)

BTO 3 FB 22Jul16 113 calls (FB160722C113)
STC 3 FB 15Jul16 120 calls (FB160715C120) for a debit of $3.46  (buying a diagonal)

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

 
Happy trading.

 

Terry