Subject: June 6, 2016 Trade Alert - Foxy Facebook Portfolio

June 6, 2016  Trade Alert -  Foxy Facebook  Portfolio


Gamma is several times higher than delta which means we could get quite negative net delta quite quickly:

 

BTC 3 FB 10Jun16 118 calls (FB160610C118)

STO 3 FB 17Jun16 120 calls (FB160517C120) for a debit of $.64  (selling a diagonal)

 

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

 
Happy trading.

 

Terry

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