March 29, 2016  Trade Alert -  Foxy Facebook  Portfolio

We have become negative net delta:

 

BTC 3 FB APR1 16 113 calls (FB160401C113)
STO 3 FB Apr2-16 116 calls (FB160408C116) for a debit of $1.63  (selling a diagonal)

BTC 2 FB APR1 16 114 calls (FB160401C114)
STO 2 FB Apr2-16 117 calls (FB160408C117) for a debit of $1.29  (selling a diagonal)

BTC 1 FB APR2 16 114 call (FB160408C114)
STO 1 FB Apr-16 117 call (FB160415C117) for a debit of $1.19  (selling a diagonal)

BTO 1 FB Jun-16 115 call (FB160617C115)
STC 1 FB Jun-16 105 call (FB160617C105) for a credit of $6.74  (selling a vertical)

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

 
Happy trading.

 

Terry