March 16, 2016  Trade Alert -  Foxy Facebook  Portfolio

We have become negative net delta:

 

BTC 1 FB Mar-16 109 call (FB160318C109)
STO 1 FB Apr1-16 113 call (FB160401C113) for a debit of $1.38  (selling a diagonal)

BTC 1 FB Mar-16 110 call (FB160318C110)
STO 1 FB Mar4-16 113 call (FB160325C113) for a debit of $1.04  (selling a diagonal)

BTC 1 FB MAR4 16 109 call (FB160324C109)
STO 1 FB Apr1-16 112 call (FB160401C112) for a debit of $1.37  (selling a diagonal)

BTO 2 FB Jun-16 110 calls (FB160617C110)
STC 2 FB Jun-16 105 calls (FB160617C105) for a credit of $3.12  (selling a vertical)

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

 
Happy trading.

 

Terry