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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