March 2, 2016  Trade Alert -  Foxy Facebook  Portfolio

We have too many in-the-money short calls:

 

BTO 2 FB Jun-16 110 calls (FB160617C110)
STC 2 FB Jun-16 105 calls (FB160617C105) for a credit of $2.87  (selling a vertical)

BTC 1 FB MAR1 16 107 call (FB160304C107)
STO 1 FB MAR1 16 110 call (FB160304C110) for a debit of $2.15  (buying a vertical)

BTC 1 FB MAR1 16 108 call (FB160304C108)
STO 1 FB Mar2-16 111 call (FB160311C111) for a debit of $.90  (selling a diagonal)

BTC 1 FB Mar-16 108 call (FB160318C108)
STO 1 FB Mar-16 111 call (FB160318C111) for a debit of $1.72  (buying a vertical)

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

 
Happy trading.

 

Terry