May 11, 2016  Trade Alert -  Foxy Facebook  Portfolio

We are in danger of becoming negative net delta:

 

BTC 2 FB 13May16 120 calls (FB160513C120)
STO 2 FB 27May16 121 calls (FB160527C121) for a credit of $.68  (selling a diagonal)

BTC 4 FB 13May16 120 calls (FB160513C120)
STO 4 FB 13May16 121 calls (FB160513C121) for a debit of $.63  (buying a vertical)

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

 
Happy trading.

 

Terry